How will the Trump administration impact the Canadian economy?
If the people of our great country could only see how viciously and inaccurately my administration is covered by certain media!
— Donald J. Trump (@realDonaldTrump) March 29, 2017
The Chief Economist for RBC Dawn Desjardins tells CHSJ News the U.S. President could pursue a border adjustment tax which would put tariffs on all imports into the United States.
She says that could be very damaging for Canada certainly when you look at the auto industry where goods are going back and forth that would be a significant negative because the cost will go up so prohibitively
Desjardins says their research shows that a border tax would generally be bad for both countries.
As for New Brunswick, Desjardins says 2016 was rough but the economy is looking stronger this year and next with more hiring expected.
Full house for Dawn Desjardins Chief Economist and VP RBC Royal Bank @RBC_Canada @TheChamberSJ pic.twitter.com/0RbLgPUE63
— The Chamber SJ (@TheChamberSJ) March 29, 2017
