In this episode of Government Policy Unpacked, host Rupesh Patel dives into the potential economic fallout of the "Trump Tariffs"—a sweeping 25% tariff planned on all Canadian exports to the United States. With the U.S. as Canada’s largest trading partner, these tariffs could have dire consequences for Canadians.
Rupesh unpacks how the Canadian economy, heavily dependent on U.S. trade, could face significant challenges in industries like manufacturing, agriculture, and energy. He also discusses the role of the Bank of Canada in mitigating these impacts, including the possibility of lowering interest rates to support the economy.
Finally, Rupesh explores actionable solutions for Canadians to prepare, such as diversifying trade, investing in domestic industries, and eliminating internal trade barriers.
Stay informed and discover how Canada can adapt to safeguard its economy amidst these uncertain times.
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