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ARTICLE · 24 MARCH 2025

Tariffs, The Economy And Trump's 51st State Threats

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John Manley appears on BNN Bloomberg to discuss what US tariffs mean for the Canadian economy and why President Trump's threats to make Canada a 51st state should be taken seriously. John says:

GlobalInternational Law
John Manley P.C., O.C.
John Manley P.C., O.C.
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John Manley appears on BNN Bloomberg to discuss what US tariffs mean for the Canadian economy and why President Trump's threats to make Canada a 51st state should be taken seriously. John says:

  • President Trump, "does not have the power to suspend the rules of economics." In a very short order, the imposition of steep US tariffs will cause a slowdown in the US economy and a bump in inflation south of the border.
  • Prices will rise immediately in Canada after April 2 if the full impact of US tariffs is felt.
  • Canada should be selective about retaliatory tariffs on goods coming into the country from the US to avoid unnecessarily raising prices for Canadian consumers.
  • Canada should work closely with Europe and Mexico to respond to US tariffs.

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