Latest Tariff War Making Outcome of Trade Tensions Hard to Predict: National Bank CEO
The head of National Bank says the escalations in the tariff dispute between Canada and the U.S. is making for a murky outlook, but the domestic economy seems to be handling the uncertainty relatively well so far. “The unresolved and escalating trade conflict with the U.S. continues to create economic uncertainty and challenges for businesses [...]
TL;DR
- Escalations in the Canada-U.S. tariff dispute are creating a murky economic outlook.
- The domestic economy has been handling the uncertainty relatively well so far.
- The unresolved and escalating trade conflict presents economic uncertainty and challenges for businesses.
- U.S. President Donald Trump imposed 50 percent tariffs on approximately $28 billion worth of Canadian products.
- These tariffs were imposed over the weekend after trade talks collapsed.