Tariff tensions fuel ‘buy local’ surge in Halifax
- President Donald Trump announced a 25% tariff on goods from Mexico and Canada, effective immediately, and doubled the tariff on China from 10% to 20% starting Tuesday.
- Economists Amir Neto and Bryan Cutsinger predict higher prices for American consumers due to these tariffs, stating that the consumer will be paying the bill.
- Canadian Prime Minister Justin Trudeau stated that Canada will impose tariffs on over $100 billion of American goods as a response, which could affect U.S. Farmers, especially soybeans and corn.
- Trade analyst Scott Lincicome noted that many parts cross the U.S.-Canada border multiple times before becoming a finished vehicle.
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13 Articles
Cartoon: Trump Says He's Gonna Shoot Your Dad In The Face!
So once the Trump tariffs cause prices at the grocery store to skyrocket even more, MAGAs will see how wrong they’ve been, right? Absolutely not. A year from now, Red America will blame any Trump inflation on Biden. And maybe Obama. But never, ever...
Retailers warn Americans to pay more after Trump launches trade war: Report
Hours after President Donald Trump’s long-threatened tariffs against Canada and Mexico and his hike in levies on China came into effect on Tuesday, CEOs of two large retailers in the US said shoppers are likely to see prices rise as a result of the tariffs, according to a report
American consumers will feel the impact of Trump’s tariffs, economists say
Trump is following through with his threat to impose 25% tariffs on goods from Mexico and Canada. Economists expect prices for key items to go up at some point, as companies could pass along some or all of the extra cost to consumers.
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