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Wednesday, July 9, 2025

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More U.S. trade tariffs could drive up federal deficit, say economists

Economists say that lower economic growth spurred by trade action would make the deficit situation more challenging, but how bad may depend on the severity of Trump's actions.

Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland at a press conference on May 31 announcing retaliatory tariffs to U.S. duties on steel and aluminum imports. Ms. Freeland was in Hamilton, Ont., on June 29 to announce the government's plans to offer up to $2-billion in support of the affected industries and workers. The Hill Times photograph by Andrew Meade
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BY JOLSON LIM
June 28, 2018
News | BY JOLSON LIM | June 28, 2018

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