http://www.breitbart.com/big-government/2018/06/18/td-bank-u-s-auto-tariffs-would-cause-a-recession-in-canada-permanently-scar-economy/
The imposition of tariffs on autos imported into the U.S. would cause the Canadian economy to stagnate, perhaps extinguishing one in five Ontario manufacturing jobs, according to a new analysis by TD Economics.
Economic growth would be cut by half of a percentage point in 2019 if the U.S. slaps tariffs on auto imports, Brian DePratto, Senior Economist at TD Economics, wrote in a report published Monday. The Canadian economy's growth would come to a standstill for two quarters, according to DePratto. One in ten manufacturing jobs would be at risk.
The most severe impact would be on the province of Ontario, where the Canadian auto sector is concentrated. Economic growth there would drop by two percentage points and one in five manufacturing jobs would be at risk.
Worst of all, the level of business investment drops and is permanently lower as a result, according to DePratto. This would lower Canada's long-term economic capacity. ...
DePratto said Canada's currency would also take a hit, dropping between eight percent and 15 percent.
Although the scenario is bleak for Canada, DePratto says his analysis may turn out to be too optimistic if the U.S. goes ahead with tariffs.
"This scenario may paint a fairly negative picture, but if anything, the risks are tilted further to the downside," he wrote. ...
Well, then ... Canadian mangina, Justin Trudeau, better quit taking advantage of us with their lopsided tariffs and start negotiating in good faith.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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