As stock markets rallied after news of a 90-day trade war truce between China and the U.S., some stakeholders remain cautious about what it could mean for the Canadian economy and consumers.
“Canada’s industries have been hard hit by this trade war … any de-escalation at this time is good news for global trade,” says the Canadian Chamber of Commerce in a statement to Global News.
“We’ll be monitoring the China-U.S. discussion closely in the months ahead, as the details of any final agreement will matter.”
In a statement, the Retail Council of Canada also said the group, “welcomes this development, but we’re not popping the champagne just yet.”
“The 30% tariff that the U.S. continues to impose on itself is deeply damaging—not only to American businesses and consumers but also to global supply chains already facing significant disruption,” the council said.
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On Monday, U.S. President Donald Trump, along with Chinese officials, …