Loading...
Loading...
Browse all stories on DeepNewz
VisitTrump Threatens 25% Tariff on Canadian and Mexican Goods Over Immigration and Drug Issues
Dec 3, 2024, 03:13 PM
President-elect Donald Trump has threatened to impose a 25% tariff on all Canadian goods if Prime Minister Justin Trudeau does not address what Trump describes as illegal immigration and drug trafficking into the United States. This tariff threat was made in response to what Trump perceives as Canada's failure to control the flow of drugs and migrants across its borders, with similar threats also directed at Mexico. The potential economic impact on Canada could be significant, with experts warning that such tariffs could cripple the Canadian economy. Trudeau has responded by convening a meeting with opposition leaders to discuss his recent visit with Trump, indicating the seriousness with which the Canadian government is taking these threats. Trudeau has also conveyed to Trump that imposing tariffs would negatively affect Americans as well.
View original story
Markets
Yes • 50%
No • 50%
Official announcements from the Canadian government or immigration departments
Yes • 50%
No • 50%
Official announcements from the governments of Canada and the U.S.
No • 50%
Yes • 50%
Official announcements from the U.S. government or trade departments
Policy changes • 25%
Other • 25%
Diplomatic negotiations • 25%
Trade retaliation • 25%
Official statements from the Canadian government or media reports
Canada • 33%
Neither • 34%
Mexico • 33%
Official announcements from the U.S. government
Other • 25%
Moderate downturn • 25%
Minimal impact • 25%
Severe recession • 25%
Economic reports and analyses from credible financial institutions