“May you live in interesting times”.
We certainly never thought to be writing and sharing articles about a trade war with our American neighbours, and yet here we are. America is threatening to implement a new tariff regime which would upend decades of free trade between Canada, the USA and Mexico. The far-reaching impacts of new tariffs are difficult to predict with precision, but will almost certainly create inflationary pressures especially if (as expected) the Canadian governments follow suit and implement counter-tariffs on American goods and products being sent in to Canada.