Cascading Chain of Events; Donald Trump's 25% Tariff on Canadian Goods

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Cascading Chain of Events; Donald Trump's 25% Tariff on Canadian Goods

Government Intervention and Trade Tensions

Affected Allies

taxpayers bear the cost of government subsidies

Political relations between the U.S and Canada worsen

Governments engage in prolonged negotiations to de-escalate trade conflicts

Both countries allocate resources to subsidize affected industries

COnsumer Costs Rise

U.S and Canadian Households face reduced purchasing power

Retailers experience shifts in consumer behaviour, with demand for local substitutes

Tariffs lead to inflation as businesses increase prices to offset costs

Lower-income households struggle with higher experience

Canada's Retaliation

Affected Entities

Canadian consumers pay more for essential goods

U.S businesses lose market access to their largest trading partner

Direct Impact

Canadian Tariffs increase prices of U.S. imports

U.S farmers and exporters face reduced demand from Canada

Trump's Tariff Announcement

Affected Entities

U.S Manufacturers relying on Canadian inputs.

Canadian companies dependent on U.S Trade

Direct Impact:

U.S consumers face higher prices for Canadian imports

Canadian exports lose competitiveness in the U.S market