Canada needs to ensure it remains useful to the U.S. and market itself effectively, Will Huggins says, because steep tariffs are likely to set off a cycle of unemployment and hardship.
Canada will have to adapt, as always, to the ‘American 800-pound gorilla’ if the U.S. president-elect introduces steep tariffs, says DeGroote School of Business professor William Huggins.
The finance Professor characterizes the current economic situation as Chapter 3 ("Looming Recession") of a saga that began at the start of the pandemic and touched off a surge in inflation.
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