Some highlights I found interesting:
The tariffs have been met with deep anxiety in Canada, whose majority of exports are sold to companies and clients in the US. Officials predict up to a million job losses if a 25% across the board levy went ahead, while economists warn that a recession is imminent if they persist.
Even with the tariffs being scaled back temporarily, the uncertainty alone is hurting both American and Canadian economies, says Rob Gillezeau, an assistant professor of economic analysis and policy at the University of Toronto.
“The most sensitive thing to uncertainty is business investment,” Prof Gillezeau says, adding that firms are “not going to want to spend a dime anywhere” until they have some clarity.
That trepidation is also seen in the stock market, which had erased virtually all its gains since Trump won the presidency in November.
These sorts of preparations speak about the uncertainty mentioned in the article. That kind of uncertainty also hurts both countries. I don’t think there’s any net benefit to anyone.