"The tariffs, if they went ahead, would lead to contraction, unemployment, recession," said Dennis McConaghy, a former executive with TC Energy in Calgary. "The impact to Canada is so severe that it really just can't be allowed to happen."
Former energy manager Rafi Tahmazian believes the tariffs are, at this point, a negotiating tactic. He noted that Trump has chosen advisers who come from the world of business, not government."
"Politicians tend to speak with intention and purpose. A businessperson is going to speak with the idea of using it as strategy for the ultimate manoeuvre," said Tahmazian. "That makes it more difficult to predict what is coming and in what form."
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