The Tariff Trap: How Trump's New Levies Could Crush Canada's Economy President Donald Trump's latest tariff threat looms on August 19, with the potential to severely impact Canadian businesses.
This time around, a wide swath of Canadian made goods will be subject to an unprecedented 50 per cent duty. The stakes are high, and the consequences for Canada's economy could be catastrophic.
The electronics sector stands to take the biggest hit, as Canada exported over $4 billion in electronics equipment last year – a staggering sum that would be subject to Trump's new tariffs.