Economists are warning that the sweeping 25 per cent tariffs would be the “most significant trade shock” for Canada since the 1930s, with job losses expected across multiple sectors.
“There’s lots of sectors that have a lot of jobs tied both directly and indirectly to trade with the United States,” Erik Johnson, economist at BMO Capital Markets told Global News
The tariffs are expected to take effect March 4, a date Trump has repeated several times in recent weeks.
Analysts and economists are worried that sustained tariffs could push Canada into a recession.
