In a recent interview with CGTN, David Gray, a respected professor of economics at the University of Ottawa, shared his concerns about the potential economic repercussions of President Donald Trump's tariffs. 📉
Gray emphasized that imposing tariffs on Canadian goods might push Canada into a recession, a scenario that ironically isn't in the best interest of the United States either. \"A recession in Canada would lead to significant economic chaos in the US as well,\" he explained.
The professor highlighted the interconnectedness of the North American economies, suggesting that destabilizing one neighbor could have a ripple effect that harms both nations. 🌐
As global trade tensions rise, experts like Gray urge policymakers to consider the broader implications of such measures on bilateral relations and mutual economic stability.
Reference(s):
Not in US's interest to cause Canadian recession: Canadian scholar
cgtn.com
