Canada stares down consequences of Trump tariff war: Job losses, grocery price hikes, possible recession

Canada stares down consequences of Trump tariff war: Job losses, grocery price hikes, possible recession

'Most Canadians live within 100 miles of the US-Canadian border, and so they obviously will be heavily impacted. Most Americans don't,' expert says

Expert sees ‘slowing economic activity’ due to tariff uncertainty

Lebenthal Global Advisors CIO Dominick Tavella dissects the potential effects of President Donald Trump imposing a 25% tariff on imported vehicles on ‘Fox News Live.’

Canadians protest U.S. tariffs and other policies of President Donald Trump in Toronto on March 22, 2025. (REUTERS/Carlos Osorio)

Canadian Liberal Party leader Mark Carney speaks to supporters during a rally in Montreal on March 27, 2025. A federal election has been called, and Canadian voters go to the polls on April 28. (Andrej Ivanov/Getty Images)

A worker loads logs onto a truck at the Western Forest Products Ladysmith Log Sort in Ladysmith, British Columbia, Canada, on Feb. 18, 2025. Canada is the U.S.' biggest foreign lumber supplier and has already been dealing with higher duties on its shipments that started last summer. (James MacDonald/Bloomberg via Getty Images)

President Donald Trump delivers remarks after signing an executive order on reciprocal tariffs in the Oval Office on Feb. 13, 2025. (Andrew Harnik/Getty Images)