Trump’s Policies: A Looming North American Crisis?
President Trump plans to impose a 25% tariff on Canadian and Mexican goods, including oil, starting Saturday, despite lacking any apparent willingness to negotiate. This action is projected to severely impact the Canadian economy, potentially causing a GDP contraction comparable to the 2009 recession, alongside increased national debt. The move threatens to unravel decades of increasingly close economic ties between Canada and the U.S., dating back to 1935, fundamentally altering their relationship. Industries like the Canadian auto sector face potential shutdown due to the tariffs.
John Q. Hosedrinker