From avocados to autos, US tariffs on Canada, Mexico could drive inflation

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From avocados to autos, US tariffs on Canada, Mexico could drive inflation - Business Standard

Quick Summary:

Doug Ford, the premier of Ontario, has already vowed to counterpunch by pulling American alcohol off store shelves in the Canadian province no idle threat; Canada is the world's No.2 market for America's distilled spirits (behind the 27-nation European Union).

His US-Mexico-Canada Agreement the fairest, most balanced, and beneficial trade agreement we have ever signed into law", Trump once declared -- was supposed to bring predictability to North American trade, giving businesses the confidence to make investments.

The 25 per cent tax that President Donald Trump plans to slap on imports from Canada and Mexico as soon as Saturday could drive up the price of everything from gasoline and pickup trucks, to Super Bowl party guacamole dip.