Trump hits Canada, Mexico and China with steep new tariffs, says Americans could feel "some pain"
www.cbsnews.com
Canadian Prime Minister Justin Trudeau announced that Canada would respond with 25% tariffs "against $155 billion worth of American goods."
  • damnatum_seditiosus [any]@hexbear.netEnglish
    12·
    2 days ago

    I was wondering if since supposedly less companies buy stuff from Canada, it will have quite an impact to the CAD, bringing in less demand for it, then the value of the currency will drop. Bringing the price of stuff in Canada up?

    • Clippy [comrade/them, he/him]@hexbear.netEnglish
      11·
      2 days ago

      i am not sure, it has been many years since i read my economics book.

      but it sounds about right, though hopefully somebody more well read can confirm, i am not confident to say how the currency value of CAD in respect to USD will react.