Reported 2 days ago
Economists in Canada have criticized President-elect Trump's assertion that a trade deficit with Canada justifies imposing 25% tariffs, arguing that the deficit is largely due to energy trade. While the US faces a record trade deficit, its trade with Canada is more balanced compared to other partners, with Canada purchasing significant amounts from the US. Experts suggest the US benefits from Canadian energy imports and call for Canada to diversify its oil customers. They warn that Trump's tariffs could hurt Canada's economy without effectively addressing the overall trade issues.
Source: YAHOO