Trump’s tariffs would crush Canada’s economy. Why some industry leaders are calling his bluff
There is precedent for Trump making good on his tariff promises. In 2018, his administration slapped a 25 per cent tariff on Canadian steel and a 10 per cent tariff on aluminum, citing national security threats. Canada retaliated with its own tariffs, and the year-long tariff war that ensued put the ratification of the newly-created CUSMA on hold.