Rising tensions are escalating ahead of a potential North America trade war, as U.S. President Donald Trump is poised to impose tariffs on Canada and Mexico on Saturday, Feb. 1.
Trump has cited several reasons for this action, including trade deficits, lax border control, and the ongoing flow of fentanyl into the United States.
These tariffs are expected to have significant impacts on Canadian businesses and industries, affecting sectors ranging from manufacturing to agriculture. As a result, companies are preparing for increased costs and potential disruptions in trade relations.
Dan Williams from CGTN is currently on the ground in Canada to assess the immediate effects of these impending tariffs on the local economy.
Reference(s):
cgtn.com
