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The Impact of 25% Tariffs on Canadian GDP
The Bank of Canada vs Deepseek
- Retaliation: If Canada imposes tariffs on US imports, this could hurt Canadian consumers and businesses that rely on US goods, leading to higher costs and lower consumption/investment. However, these are rough estimates and the actual impact would depend on multiple factors including policy responses, market adjustments, and global economic conditions. Policy Implications: Tariffs would significantly harm Canada’s economy, though exchange rate adjustments and trade diversification could soften the blow.
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