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‘We are in trouble’ | Experts, leaders react to Trump tariffs [Video]

Categories
Canadian Economy and Markets

President Donald Trump put into effect 25% tariffs on Canada and Mexico on Tuesday.

Pavlo Buryi is an economics professor at Harrisburg University and says the tariffs will drive up prices on everyday items.

Those that we would consider consumers, regular folks like you and I would see high prices at grocery stores and all other stores,” Buryi said. “You pick up any type of electronic appliance or handheld device, it would most likely be made in China. And if we talk about food like fruits and vegetables, most likely they would be made either in Mexico or in greenhouses in Canada.”

11th District Congressman Lloyd Smucker (R-Lancaster) defended the tariffs as a measure to lower America’s trade deficits and get Canada and Mexico to comply with their previous agreements with the United States.

“The end result of that is you’ll see markets open up for American goods,” Smucker said. …

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