President Trump suggests potential tariffs on Canadian goods could be implemented soon
Washington: So, President Trump is throwing around the idea of hitting Canadian imports with some hefty tariffs starting February 1. He mentioned this while signing a bunch of other executive orders at the White House.
It seems like his team has been chatting with reporters about trade issues, especially with Canada, Mexico, and China. They’re looking into claims of unfair trade practices. But here’s the kicker: while he’s suggesting tariffs could come in February, he’s also set a deadline for reports on these trade issues for April 1. Talk about mixed signals!
Officials in Canada are breathing a sigh of relief that tariffs didn’t come up during Trump’s inaugural speech. But they’re also on edge, knowing that if these tariffs do hit, it could really hurt the economy.
In other news, the Liberal leadership race is heating up. The top candidates are stepping back from the carbon pricing policy that was a big deal for them. They’re trying to dodge a major Conservative attack, which is smart, but it’s a big shift from what they campaigned on.
And hey, keep an eye out for the December inflation figures from Statistics Canada. Economists think the inflation rate will stay steady at 1.9 percent, but some are even predicting it could drop to 1.5 percent. That’s thanks to the GST tax holiday that kicked in mid-December.
Lastly, there’s some concerning news from the Arctic. A new study shows that thawing permafrost is releasing more greenhouse gases than it’s absorbing. This could really change the game for climate dynamics in the region.
So, lots happening! Let’s see how this all unfolds.
