In November 2024, President-elect Donald Trump announced his intention to sign an executive order imposing a 25-percent tariff on all products entering the United States from Mexico and Canada. This move has sparked significant discussions in Toronto, where residents shared their perspectives on the potential economic impact.
Many Toronto locals expressed concerns that the new tariffs could negatively affect both the U.S. and Canadian economies. \"This policy could disrupt trade relations and lead to increased costs for consumers on both sides,\" commented one business owner.
However, not all opinions were unanimous. A resident noted, \"At all, this policy will not really harm Canadian producers and farmers, but rather will probably harm the American people.\" This viewpoint suggests that the burden of increased tariffs may fall more heavily on American consumers rather than Canadian businesses.
As discussions continue, the global community watches closely to understand how these tariffs might reshape trade dynamics and economic relations between the two neighboring countries.
Reference(s):
We Talk: How do Canadians view Trump's plan to raise tariffs?
cgtn.com
