Canadian government officials say Canada’s initial retaliatory tariffs against the U.S. will remain in place for now despite President Donald Trump postponing 25% tariffs on many imports from Canada for a month.
Archived version: https://archive.is/newest/https://apnews.com/article/trudeau-trump-tariffs-trade-war-58eaa333ef96d4f17965bb7004e6bee7
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That’s a good point. Uncertainty hurts businesses and investors harder than you would think. People will go to extreme lengths to mitigate uncertainty, which usually has a negative impact on the economy. Now Canada is creating certainty about one thing.
Trump’s actions are all over the place, which probably causes lots of uncertainty in the US as well. I have a feeling it’s going to take years to repair the damage he leaves behind.