
In the news today: Despite U.S. tariff pause, uncertainty remains over Canada
Here is a roundup of stories from The Canadian Press designed to bring you up to speed…
Despite tariff pause, uncertainty hangs over Canadian economy
Uncertainty still hangs over the Canadian economy despite U.S. President Donald Trump announcing a 30-day pause in tariffs that were to take effect today. The temporary reprieve halts — at least for now — a continental trade war that economists on both sides of the border warned would raise prices. Trump’s decision meant Canada and the provinces also halted their moves to retaliate including with tariffs and bans on U.S. alcohol sales north of the border. Unifor, the country’s largest private sector union, insists that Trump’s threat of tariffs remains in effect, threatening Canadian jobs. Trump on Saturday signed an order to impose 25 per cent across-the-board tariffs on Mexican and Canadian imports, with a lower 10 per cent tariff on Canadian energy.
Truckers say tariffs would cause industry layoffs