Trump and Tariffs who wins and who loses in Canada
This is my question for future investments.
If Trump gets in and imposes an across the board 10% or more tariff on all imports to the US which industries and sectors of the economy are hurt or boosted the most in Canada or in the US.
What areas are worth getting into or out of prior to him taking power in either the Canadian or the US market.![]()
![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
DanDha : Almost everyone loses when the retaliations start and interest rates hike up. Unless he puts in Arthur Burns 2.0, in whoch case, bull run on Canadian commodities.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Bravo Jordan : In the short term, it would depress the affected industries/companies as less products are shipped. Longer term, a new equilibrium would be reached as native industries/companies raise their prices to what would become a new normal.
With Trump, still on the fence on how he's talking about tariffs because he either doesn't know how they work, as in he thinks the shipping country/company pays for them, or he thinks his base doesn't and is using it as a talking point. Either way, the real losers is the US public who have to pay higher prices.
JGPM : Canadian timber