Trump proposes 25% tariff on Canadian imports raising concerns for industry and consumers

Donald Trump has proposed a 25% tariff on all imports from Canada and Mexico, a move that could significantly impact Canadian industries, especially auto manufacturing. This tariff is larger than analysts anticipated and poses risks to Canada's trade-dependent economy. The proposed tariff could lead to higher prices for Canadian consumers and affect major exporting sectors like oil and gas. Economists are divided on whether Trump will implement this tariff, with some viewing it as a negotiating tactic. Industry leaders express concern about the potential disruption to cross-border supply chains, which are vital for both Canadian and U.S. businesses. They warn that tariffs could harm American consumers and industries reliant on Canadian imports.