U.S. President Donald Trump‘s 25 per cent tariffs are now in effect) on Canadian goods entering the U.S., with 10 per cent on energy. Prime Minister Justin Trudeau hit back with countertariffs) on $155 billion worth of American goods.
If the trade war) continues, inflation will start to rise, jobs will be lost, and economists project a likely recession. And with growing sentiment that Trump’s motivations) could go beyond stated security concerns at the Canada-U.S. border, Trudeau is taking a more blunt approach).
Campbell Clark), the Globe’s chief political writer, joins the show to break down the first day of the trade war, and what Trudeau’s response tells us about this moment.
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