New U.S. tariffs come into effect and President Donald Trump threatens more on Canadian auto and steel sectors. How is this going to impact our economy and how might Ottawa fight back?
Listen to this article
Estimated 1 minute
The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.
Front Burner30:02How will the new tariffs hit Canada’s economy?
U.S. President Donald Trump is threatening yet more tariffs, saying he’ll increase levies on cars, trucks and steel to 50% on January 1. This latest announcement comes as new tariffs came into place on Saturday on a number of Canadian goods worth $28 billion after trade negotiations fell apart.
Peter Armstrong, CBC’s Senior Business Reporter, is back on the show to talk about what moving forward without a deal on these new tariffs means for the Canadian economy and what Prime Minister Mark Carney’s promised “dollar-for-dollar” retaliatory tariffs could look like.
For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts
Subscribe to Front Burner on your favourite podcast app.
About the Author
