Economic Impact - U.S.: Will the tariff threat be carried out?

In order to reduce the budget deficit in the United States, there is a lot of talk about tariffs. However, a 25% tariff is not a base case scenario. Our experts, Denis Girouard and Stéfane Marion, take a closer look at Canada's trade balance in the context of the US deficit, to clarify Canada's marginal role in this dynamic, and explain that these uncertainties are not just negative. Current economic and trade tensions offer a unique opportunity for Canada to reassess its industrial policies, notably by strengthening its manufacturing sector and tackling provincial trade barriers, which represent the equivalent of a 21% tariff.