Tariffs between U.S. and Canada

SOURCE www.foxnews.com
President Trump plans to implement tariffs on Canadian imports, causing concern for both countries. Canadian diplomat warns about the negative impact on jobs and prosperity. Trade war escalates as new Canadian leadership transition approaches.

Key Points

  • President Trump confirms 25% tariff on Canadian imports
  • Canadian diplomat expresses concern over negative impact on jobs and prosperity
  • Trade war escalates as new Canadian leadership transition approaches

Cons

  • Tariffs may lead to job losses on both sides of the border
  • Increase in prices for consumers