How Trumps trade war with China could hit Canadian wallets – National [Video]

Many Canadians breathed a sigh of relief when U.S. President Donald Trump’s global tariffs did not add to those already on Canada, but experts warn his trade war with China could still hurt Canadians.

Trump threatened additional tariffs on China on Monday on social media after China said it would retaliate against the U.S. “reciprocal” tariffs announced last week.

“If China does not withdraw its 34 per cent increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50 per cent, effective April 9th,” he wrote on Truth Social.

“Additionally, all talks with China concerning their requested meetings with us will be terminated!”

Even though Canada was not directly hit by Trump’s latest round of “reciprocal” tariffs, experts say a U.S.-China trade war could still weigh heavy on Canadian wallets.

“It’s significant when you have the two big economic gorillas starting …