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Concerned Canadian @Concern70732755 on x 158.5K followers
Created: 2025-07-26 23:57:24 UTC
A must read !
If Canadian Prime Minister Mark Carney fails to finalize a trade/tariff deal with the United States, Canada could face significant economic consequences:
Higher Tariffs Non-USMCA-compliant Canadian goods could face XX% tariffs, increasing costs for Canadian exporters and potentially reducing U.S. market access. Energy and potash exports may face a XX% tariff.
Economic Downturn Tariffs could lead to reduced trade, lower GDP growth, and potential recession risks, with J.P. Morgan estimating significant economic damage to Canada
Higher Consumer Prices Increased tariffs may raise prices for Canadian consumers, particularly for imported goods, contributing to inflation.
Business Uncertainty Lack of a deal could prolong uncertainty, reducing business investment and disrupting supply chains, especially in industries like automotive and manufacturing.
Retaliatory Measures Canada may impose countermeasures, escalating trade tensions and further impacting bilateral trade.
These outcomes hinge on the absence of a finalized trade agreement, as indicated by recent statements suggesting difficulty in negotiations.
XXXXX engagements
Related Topics coins energy tariffs canada united states prime minister