Trump Threatens Canadian Tariffs

This is a U.S. news story, published by financialpost, that relates primarily to Donald Trump news.

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tariff

financialpost

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How Donald Trump's tariff war could hit Canadians' wallets

Summary

Nutrition label

72% Informative

U.S. President Donald Trump has threatened to hit Canadian exports with tariffs of up to 25 per cent.

In response, Canadian officials have vowed they could retaliate with tariffs on a raft of US goods and services.

Tariffs are paid by the importer, not the exporter, and that cost will ultimately be passed along to consumers.

The Canadian federal government is reportedly preparing for an initial round of retaliatory tariffs on about $37 billion of goods, which could potentially be expanded later.

Canada is likely to target industries and products that would hurt the United States the most and cause the least harm to Canadian consumers.

Low- to middle-income consumers are likely to be hit the hardest.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive