Summary
A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.
Trump has championed tariffs as a key policy to boost domestic manufacturing, but economists and corporate leaders warn costs will be passed to consumers, potentially adding $2,600 annually to household expenses.
While Republicans are more supportive of tariffs, only 51% think they will benefit the economy.
The poll highlights widespread concern over tariffs’ economic impact, especially amid lingering inflation and financial uncertainty.
Not just yourselves… it will probably send Canada and Mexico into a recession as well.
Yeah. It will probably suck for Canada too, but hopefully our government does the right thing and strengthens our ties with other markets in Europe, South America, and Asia. Really sucks how the past few years the Canadian government has torpedoed a lot of good international relations that would be really beneficial to have going into the Trump administration.
As per some other thread I hope we seriously consider trying to join the EU (or at least the EEZ/Shegen area)
Do you think the EU would let the USA in? Even Australia isn’t part of the EU even though they compete in the Eurovision song contest.
No way the USA would try to join the EU any time soon. Canada might though. Don’t know if they’d be allowed in.
I think the EU would refuse if only because it’d be extremely likely that the US would brexit themselves as soon as the government flipped.
Canada’s move to expand our trade agreements began back in 2003 with the BSE (bovine spongiform encephalopathy) crisis when our cattle exports to the USA (and other nations) were shut down.
But you’re right that we haven’t worked hard enough on further expansions.
How would that happen? Aren’t most things sold in Canada NOT from US and probably from China?
Idk about food tho
The Canadian economy is tied at the hip to the US. A lot of our agri is US produced and while most consumer end products are Chinese a lot of Canadian manufacturing uses US intermediary products. Our resource export market is also US focused right now especially for hard wood, dairy, maple syrup, and oil/natural gas.
I don’t think we actually have the facilities to handle Alberta’s production through the Atlantic provinces or BC.
Right so some industries that sell to the US would see slowdowns but the things we buy from US won’t be affected by tariffs unless Canada retaliates. Right?
My question was more about our cost of goods, our economy overall is not doing well and tariffs are not the only reason.
Imo this has been brewing ever since our country somehow decided house price growth means economic growth.