Economic TimesLean R·
Canada rejected US deal. Now comes the cost
Canadians wanted their prime minister to stand tough and not sign a bad trade deal with the US. But the collapse of talks, and the escalation of the tariff war, will come at a price. The US implemented a new 50% tax on imports of hundreds of Canadian items including furniture, plastics, plywood and electrical equipment on Saturday. It’s such a high rate that it may cut off the world’s biggest market for some Canadian enterprises.University of Calgary economics professor Trevor Tombe estimated t…
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