Trump is not deterred by economists’ warnings of a global trade war that could usher in a new depression.
Much of Canada’s manufacturing sector reliant on Chinese products – bits and pieces that wind up in finished items.
A spokesman for the Chinese Commerce Ministry said: “We hope American companies do more to lobby the US government and work hard to safeguard their own interests.”
It also reduced its forecast for the 19-country eurozone.
Tariffs are on affecting a $34 billion list of American goods including soybeans, pork and electric cars.
Trump administration sees Beijing as orchestrating a brass-knuckles campaign to supplant US technological dominance.
They fear the tariffs could spark reciprocal levies just as Americans embrace the lighter-tasting Canadian spirit.
Companies are feeling the fallout of higher metals prices and trade retaliation.
Scotiabank says across-the-board tariffs averaging 20% would see Canada’s economy shrink 1.8%.
Expressed concerns about Trump’s use of a national security waiver to impose tariffs on steel and aluminum.
How the relationship has soured following broadsides from Trump Administration.
Navarro apologizes for disparaging comment directed at Trudeau, but war of words far from over.
Conservative Opposition leader expresses support, but says Trudeau can do more on trade file.
Says tariffs are one more tool in Trump’s toolbox when it comes to repairing a “broken” global trade system.
Canadian exporters in for a rough ride, says TD.