As Trump tariffs loom within hours, how the coming days could play out – National [Video]

Canada is bracing for U.S. President Donald Trump’s sweeping tariffs which are set to land later Monday and which economists have warned will be the “most significant trade shock” since the 1930s.

The tariffs are expected to hit the Canadian economy hard, with some economics warning Canada could dip into a period of recession.

While the tariffs were delayed once before, there is still no sign at this point that will happen again.

Trump’s commerce secretary on Sunday said the tariffs on Canada and Mexico are still coming Tuesday, though the amount of them may be open to change.

Here’s how the coming hours and days could play out.

On Feb. 1, Trump announced he was hitting Canada and Mexico with broad-based tariffs and imposing an additional tariff on goods coming in from China.

“I have implemented a 25% Tariff on Imports from Mexico and Canada (10% on Canadian Energy), and a 10% additional Tariff on China,” Trump said in …