A study by the Oxford Institute of Economics shows that Canada's retaliation measures against the US tariff plan may help protect some domestic manufacturers, but they will drive up costs and worsen the situation in many industries. Economists Tony Stillo and Michael Davenport wrote, “Canada's new retaliatory tariffs will help some industries, but hurt most, and weaken national economic growth by driving up costs for producers and consumers.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.