With the March 4 deadline rapidly approaching, Canadian industries are on high alert as the looming threat of 25% U.S. tariffs on Canadian goods creates a sense of urgency and uncertainty. This impending embargo not only affects Canadian exporters but also sets the stage for retaliatory measures from Canada, potentially introducing counter tariffs on a wide array of U.S. products.
The stakes are high, with major sectors such as automotive, agriculture, and manufacturing bracing for substantial impacts. Increased costs and disrupted supply chains could lead to reduced trade volumes and altered market dynamics on both sides of the border.
Dan Williams of CGTN captures the palpable tension at an RV show outside Toronto, where business owners and consumers alike express their concerns over the expanding economic implications of these trade tensions.
