Source: Independent Institute
by Denny Han
“The Trump administration’s tariffs are a disaster for both the Canadian and U.S. economies. As of writing this, the administration has flipped-flopped on implementing them. However, the outcome is nearly as detrimental as imposing tariffs due to the uncertainty that has emerged in our long-standing alliance with America’s neighbor. Canadian businesses have pulled American products off their shelves en masse and American businesses are unable to plan for the long term if they don’t know which inputs they’re able to buy abroad. The silver lining, however, is that this may be the push Canada needs to make long-awaited reforms on internal trade barriers. Discussions of removing internal trade barriers have surged in the last few months since Trump won the election and subsequently took office. Former Prime Minister Trudeau recently announced that Canada’s Premiers have agreed to further remove internal trade barriers by June 1, 2025. ” (03/14/25)
https://blog.independent.org/2025/03/14/canada-trade-war-borders