The Real Numbers Behind Trump’s Canada Tariff Threat

The data point is just one of many that help to contextualise Donald Trump’s threat to hit Canada and Mexico with a 25 per cent tariffs on all goods. The tariffs, which will also see China hit with a 10 per cent penalty, are supposedly being introduced to fight illegal migration and drugs coming into the U.S.

Here is what the numbers actually say.
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Tariffs are typically used on manufactured goods, not raw commodities, but the Canadian oil and gas industry is concerned, geo-economic expert Rachel Ziemba said in an interview with The Logic.

Both sides of the border will be impacted by the tariffs, Ziemba added. The tariff costs would likely be split among U.S. consumers, refineries and Canadian sellers. “There’s no other egress options,” she said.

Read the full article and more on The Logic.