Desjardins
Coverage of Desjardins in the Nexus archive.
- Prime Minister Carney says Canada is ready to respond if Trump’s new tariffs go into affect
Prime Minister Mark Carney stated Canada is prepared to respond if U.S. President Donald Trump's 50% tariffs on Canadian goods take effect on August 19. The tariffs target goods like honey, liquor, and wood products under the USMCA trade agreement, with Carney emphasizing a unified Canadian approach and economic diversification to mitigate impacts.
- Trump’s tariff threat could impact Canadian economy but may be negotiation tactic, experts say
U.S. President Donald Trump announced 50% tariffs on Canadian goods, including honey, liquor, and dairy products, effective August 19. Experts suggest the tariffs could impact Canada's economy by affecting $28 billion in annual exports and potentially slowing growth, but may also serve as a negotiation tactic amid ongoing USMCA trade pact discussions.
- Trump's tariff threat could impact Canadian economy but may be negotiation tactic, experts say
The U.S. announced 50% tariffs on Canadian goods including honey, liquor, and wood products, effective August 19, excluding energy and critical minerals. Experts warn the tariffs could reduce Canadian exports by $28 billion annually and suppress economic growth by 0.2-0.3% in 2026-2027, while the USMCA trade pact remains unresolved.