What Trump’s tariffs mean for economic growth, jobs, prices and profits


Source: theglobeandmail.com theglobeandmail.com

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Open this photo in gallery: Trucks head to the Ambassador Bridge between Windsor and Detroit on March 4, the first day of President Donald Trump's 25-per-cent tariffs on goods from Canada and Mexico.Bill Pugliano/Getty Images After months of bullying, U.S. President Donald Trump touched off a trade war with his country’s closest economic partners early Tuesday morning. By placing 25-per-cent tariffs on imports from Canada and Mexico, with lower 10-per-cent tariffs for energy and critical minerals, Mr. Trump has shattered decades of continental economic integration. Canada and Mexico will be hit the hardest, but U.S. consumers and businesses will suffer...