While U.S. President Donald Trump’s proposed tariffs on Canadian goods may lead to the removal of U.S. alcohol from local shelves, wine lovers needn’t worry about access to quality product, Inglis says.
“Here in Niagara, wineries are producing some of the best wines in the world — Riesling, Pinot Noir and Chardonnay varietals, just to name a few,” she says. “Everyone can find a style of wine that they love, all while supporting the critical ‘buy local’ message that will benefit Canada during this unique period in its economic history.”
Although Trump’s tariffs were put on a 30-day pause, a decision to move forward with their implementation in the future could mean increased costs for businesses and job losses in a variety of sectors, in addition to slower national economic growth.
“The mere uncertainty of the trade environment caused not only by the tariffs and counter-tariffs, but also by the delayed start dates, will inevitably slow overall business activity,” says Lester Kwong, Brock associate professor of economics and CCOVI fellow.
Click here to see more...