U.S. tariffs imposed under former President Donald Trump could push Canada into a recession – and hurt American interests too, warns economist David Gray of the University of Ottawa.
In an interview with CGTN, Gray stressed that Trump-era trade policies ‘will cause a fair degree of economic chaos’ in both nations. 🇨🇦🇺🇸 ‘A Canadian recession isn’t in the U.S.’s interest,’ he said, highlighting how intertwined North American supply chains and consumer markets are.
The comments come as global markets brace for potential policy shifts ahead of the 2024 U.S. election. Could history repeat itself? 🤔 Experts say retaliatory tariffs, disrupted trade flows, and higher consumer prices would ripple across borders, affecting everything from auto manufacturing to avocado toast budgets.
