Why a U.S-China trade war could be a 'net negative' for Canada

March 26, 2018

A trade war could benefit some Canadian industries, but experts say it will have a negative effect overall

A trade war between the United States and China could potentially provide benefits to a handful of industries in Canada but the overall impact would be negative for the Canadian economy, some experts warn.

"Any Canadian businesses that are selling products that could be substituted for Chinese products that have the tariffs being applied could benefit from this," said Craig Alexander, senior vice-president and chief economist of the Conference Board of Canada.

"But overall it's going to be a net negative."

This was excerpted from the 26 March 2018 edition of CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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