The recent US imposition of tariffs on its key trading partners has ignited a strong backlash from both Canada and Germany. An economist has raised alarms over the potential for widespread economic harm, including a global downturn, supply chain disruptions, and rising consumer prices.
Canadian Trade Minister Mary Ng has vowed to protect Canada's economy, stating, \"Should Canada get tariffs that are punishing, tariffs that will hurt our economy, everything will be on the table. We will respond, and we will respond with impact.\"
Although the latest tariffs between the US and Canada are currently paused, Canada had previously announced a significant tariff package worth 155 billion Canadian dollars ($109.3 billion) in retaliation to what it termed \"unjustified\" US tariffs.
Reference(s):
cgtn.com
