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Donald Trump’s Tariff Plans could be a blow to Canada’s Economy

Donald Trump’s Tariff Plans could be a blow to Canada’s Economy

News

December 20, 2024

Canada has promised to implement a set of sweeping new security measures along the country’s US border, including strengthened surveillance and a joint “strike force” to target transnational organised crime.

Announcing details of the plan, Canada’s minister of finance and intergovernmental affairs said the federal government would devote 1.3bn Canadian Dollars to the plan.

The pledge follows a threat from President-elect Donald Trump to impose, when he takes office in January, a 25% tariff on Canadian goods if the country does not secure its shared border to the flow of irregular migrants and illegal drugs.

Economists say such tariffs could strike a blow to Canada’s economy.

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