Analysts at US-based investment bank Piper Sandler with the estimated negative hits to economies over a year of Trump's tariffs:
- Canada economic growth (GDP) sees a minus 5% hit
- Mexico's GDP a minus 8%
- US economy a minus 1%
Senior Republican Senator Mitch McConnell spoke with US TV show '60 Minutes':
- says he objects to tariffs pushed by Trump
- “It’ll be paid for by American consumers. I mean why would you want to get in a fight with your allies over this?”
The art of the deal is a win-win. There are no winners here.
