271. Tariffs and Trade Wars

With Trump's proposed tariffs on Canada, Mexico, and China, may are concerned that some form of a trade war might emerge in the coming months. Particularly in Canada, where 75% of its exports go to the United States, uncertainty and fear are developing amongst Canadians. So if these tariffs do end becoming imposed, how will it affect each of the Canadian and American economies? By virtue of its larger sized economy, is this a trade war the US would handily win? Or are widespread tariffs a recipe for economic disaster for both countries? Eric Kirzner, a Finance Professor at the University of Toronto, joins the podcast.

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