Canada could be just a few days away from having 25 percent tariffs on all exports to the United States as Donald Trump becomes president on Jan. 20.
While Canada has attempted to dissuade the United States from imposing the tariffs by boosting border security, the incoming president has reiterated his comments about imposing “substantial” tariffs on Canada.
According to the Canadian Chamber of Commerce, 1.4 million American jobs are supported by exports to Canada, while 2.3 million Canadian jobs are supported by exports to the United States. Altogether, the two countries conduct two-way trade worth $1.3 trillion every year.
Canada has said it would impose retaliatory tariffs if the United States goes ahead with its tariffs….