Trump's tariff threat raises concerns for Canadian energy sector

cbc.ca

Donald Trump has threatened to impose a 25% tariff on all goods from Canada and Mexico starting on his first day in office. This move is linked to his concerns about drugs and undocumented migrants entering the U.S. The Canadian energy sector is particularly worried, as Canada is the largest supplier of oil to the U.S. Experts warn that such tariffs could lead to significant economic harm, including job losses and higher prices for American consumers. Some industry analysts view Trump's threats as a negotiating tactic rather than a definitive plan. They note that previous threats did not always result in actual tariffs, suggesting a cautious approach to his latest comments.


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