Trump hits Canada, Mexico and China with steep new tariffs, stoking fears of a trade war
www.cbsnews.com
New tariffs of 25% of imports from Canada and Mexico go into effect today, as well as a 10% tariff on Chinese imports.
  • damnatum_seditiosus [any]English
    12•8 months ago

    I was wondering if since supposedly less companies buy stuff from Canada, it will have quite an impact to the CAD, bringing in less demand for it, then the value of the currency will drop. Bringing the price of stuff in Canada up?

    • Clippy [he/him]English
      11•8 months ago

      i am not sure, it has been many years since i read my economics book.

      but it sounds about right, though hopefully somebody more well read can confirm, i am not confident to say how the currency value of CAD in respect to USD will react.