A new report from the Canadian Chamber of Commerce is sending a stark warning ahead of the U.S. presidential election, saying protectionist policies like Donald Trump’s proposed tariffs could damage economies on both sides of the border.
Both presidential candidates have campaigned on protectionist policies that could cause uncertainty for Canadian trade. Whoever takes the White House will be in charge during the review of the Canada-U.S.-Mexico agreement in 2026.
The report, which used models to estimate the impact of the tariffs if they become permanent, suggested the move would reduce the size of the Canadian economy between 0.9 and one per cent, resulting in around $30 billion per year in economic costs.Things would be even worse if other countries retaliated with tariff walls of their own. In that case, Canadian incomes would fall by 1.5 per cent and productivity by 1.6 per cent, the report said.
Nixon’s tariff lasted only four months before it was reversed, but research has found it resulted in a 2.6 per cent reduction in total imports into the U.S. from Canada. The new report said the Canada-U.S. economic relationship is massive, deeply interconnected and mutually beneficial. There are also cross-border investments, as well as exports that are harder to track in services like tourism or technology.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerWhile Canada Soccer says a new labour agreement with its players is contingent on a reworked deal with Canadian Soccer Business, CSB says it 'proactively made a new, landmark offer' six weeks ago.
Herkunft: TSN_Sports - 🏆 80. / 51 Weiterlesen »
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerTORONTO — While Canada Soccer says a new labour agreement with its players is contingent on a reworked deal with Canadian Soccer Business, CSB says it 'proactively made a new, landmark offer' six weeks ago.
Herkunft: BurnabyNOW_News - 🏆 14. / 77 Weiterlesen »
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerTORONTO — While Canada Soccer says a new labour agreement with its players is contingent on a reworked deal with Canadian Soccer Business, CSB says it 'proactively made a new, landmark offer' six weeks ago.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerTORONTO — While Canada Soccer says a new labour agreement with its players is contingent on a reworked deal with Canadian Soccer Business, CSB says it 'proactively made a new, landmark offer' six weeks ago.
Herkunft: PGCitizen - 🏆 65. / 51 Weiterlesen »
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerThe Canadian national men's soccer team is negotiating its first formal agreement in the wake of forming a players group, the Canada Men's National Soccer Team Players Association, in the summer of 2022.
Herkunft: CBC - 🏆 32. / 63 Weiterlesen »
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerTORONTO — While Canada Soccer says a new labour agreement with its players is contingent on a reworked deal with Canadian Soccer Business, CSB says it 'proactively made a new, landmark offer' six weeks ago.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »