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With President Trump back in the Oval Office to begin his second term (the so-called Trump 2.0 era), many Canadians are likely wondering what’s to happen regarding tariffs. Indeed, tariffs can fuel inflation and take a big hit on economic growth. Some folks out there even think that a tit-for-tat trade war of sorts could push Canada’s economy into a downturn.
And while we can only speculate on the specifics about potential Trump tariffs to come, I think it’s never too early to hedge against the risks that start to fly into our radars. Indeed, it’s usually not a good idea to dismiss risks, even though there are bull-case scenarios that are more than likely to pan out.
Trump tariffs may or may not be coming
While I don’t think 25% tariffs will be the new normal, I do think that investors should be ready to keep investing for the long haul, regardless of what happens. Indeed,…
