Charles St-Arnaud, chief economist at Alberta Central, stated the proposed tariffs are largely 'posturing' from the Trump administration, particularly ahead of CUSMA negotiations.
Some experts believe the 25 percent tariff threats serve as leverage before the 2026 renewal talks of the Canada-United States-Mexico Agreement.
The mutually beneficial nature of the Canada-U.S. trade relationship, valued over a trillion dollars, should not be underestimated amid tariff threats.
Although the potential tariffs pose a risk, many in Canada believe that their implementation is unlikely and more of a threat than a reality.
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