‘We are going to feel an impact’; Canada braces for promised tariffs after Trump win
KAMLOOPS — The Canadian economy is directly tied to our southern neighbours and with some economists predicting a possible recession under President Donald Trump if he follows through with mass deportations affecting the labour force and wide reaching tariffs, Canada would feel the impact.
“I think not only Canada but every nation that trades with the United States is going to be subject to these tariffs and it will add quite a bit of costs and should be quite concerning to Canadians and small- to medium-sized enterprises,” Robert Hanlon, associate professor of political science at Thompson Rivers University, told CFJC Today Wednesday (Nov. 6). “Seventy-two per cent of our exports go to the United States. We are talking about $340 billion in goods, and so when you put 10 per cent on that, it’s going to be certainly something we are going to feel an impact on.”
The message to Canadian lawmakers is the need to stick together as a unified front.