But the real economic bottom line in any trade action won't be net exports, but whether Trump's trade disruption will throttle down the North American job-creation machine, whose latest numbers will be released Friday. The overwhelming expert opinion is that if Trump were to go ahead with his big tariffs on steel and aluminum, jobs would suffer. Suddenly with a 25 per cent tariff, importers could be forced to try to ship goods east and west across the country instead of north and south across the border. By extension, the same considerations will apply to all North American investors until they see the final version of Trump's tariff plans. By contrast, clear signs of a resolution on steel, aluminum and NAFTA would likely have the opposite effect on the markets and the economy.
Source: CBC News March 08, 2018 09:00 UTC