Home News Industry News Ramifications of a trade war: Experts look at the numbers for Canada

Ramifications of a trade war: Experts look at the numbers for Canada

A new analysis of escalating trade disputes involving the United States warns that a deterioration into an all-out, global trade war would knock North America's economies into recession.

The report by Scotiabank said if the U.S. breaks all trade ties with its partners – and imposes across-the-board tariffs that average 20 per cent – then Canada and Mexico would see their economies contract in 2020.

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Source: The Globe and Mail

 
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