President Donald Trump’s decision to impose a 25% tariff on imports from Mexico and Canada officially took effect on Tuesday. This major move is meant to pressure America’s top trading partners but…
Trade creates value in both countries, so by extension tariffs destroy value in both countries. Since Canada is much smaller than the US (in population), the tariffs hurt Canada more than the US. There is good reason for Canada to be extremely upset, and counter tariffs on the US are well justified.
Trade creates value in both countries, so by extension tariffs destroy value in both countries. Since Canada is much smaller than the US (in population), the tariffs hurt Canada more than the US. There is good reason for Canada to be extremely upset, and counter tariffs on the US are well justified.