Thanks to Donald Trump Canadians will have to shoulder an onerous economic burden.
Trump imposed tariffs on Canadian steel imports totaling 25-per cent and on aluminum 10 per cent.
And he has threatened to impose an additional 25 per cent on cars and parts on cars, which would jack up car prices tremendously.
Here is an example.
A $32,000 car — that’s an average price here — would immediately jump to $40,000.
Trump the liar previously told Trudeau Canada would not have to worry about trade tariffs but then in a fit when he did not like the way the NAFTA talks were going he imposed them anyways.
And in retaliation – in a tit for tat situation – Canada imposed its own tariffs on America.
But these trade wars are not good for anyone.
The Americans will be hurt.
And so will Canadians and the consequences for Canada could be really bad.
And the trade tariffs will hit all of us in the pocket-book.
And the worst part is that it will the poor the most.
Trying to make sense of it all is difficult.
There are a lot of opinions out there.
Some are better than others.
But there are basic facts that will help you understand this whole mess.