BOSTON — The housing crisis in Massachusetts could get worse. Electric bills might skyrocket and the high food price could go even higher.
These are just some of the possible implications of a trade war with Canada. Just after President Donald Trump announced a 25% tariff on most Canadian goods, Prime Minister Justin Trudeau imposed a similar tariff on goods from the U.S.
The tit-for-tat on trade, warned Trudeau, stands to hurt everybody. Canada is America’s second-largest trading partner overall and the number one importer of U.S. goods.
“The better path is to partner with Canada, not to punish us,” Trudeau said. “Yes, we’ve had our differences in the past. But we’ve always found a way to get past them.”
Trump is punishing Canada — as well as Mexico and China — in part for not stopping the flow of fentanyl into the U.S. nor undocumented migrants. The president imposed a 25% tariff on Mexican goods and …