{"id":889724,"date":"2026-09-09T22:18:08","date_gmt":"2026-09-09T22:18:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/889724\/"},"modified":"2026-09-09T22:18:08","modified_gmt":"2026-09-09T22:18:08","slug":"new-u-s-tariffs-import-bans-unlikely-to-dent-canadian-near-term-growth-economists","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/889724\/","title":{"rendered":"New U.S. tariffs, import bans unlikely to dent Canadian near-term growth: economists"},"content":{"rendered":"

New tariff hit will be minor<\/p>\n

Brett Bundale, The Canadian Press – Sep 9, 2026 \/ 12:22 pm | Story: 630715<\/p>\n

\"A<\/p>\n

Photo: The Canadian Press<\/p>\n

A transport truck crosses the Ambassador Bridge into the United States, in Windsor, Ont., Saturday, Aug. 22, 2026. THE CANADIAN PRESS\/Dax Melmer<\/p>\n

Economists say new U.S. tariffs and trade restrictions on Canadian goods are unlikely to significantly affect Canadian economic growth in the near term.<\/p>\n

Yet they say the latest escalation raises the risk of a more prolonged trade conflict, adding uncertainty for Canadian businesses and increasing the odds that the economy could stall or shrink in the fourth quarter.<\/p>\n

A TD Economics client note says the latest American response to Ottawa’s counter-tariffs was threefold: stop imports of some products, remove tariffs on a handful of products, and introduce new tariffs on others.<\/p>\n

It says the shift in tariff focus should not materially impact domestic growth in the near term, but represents \u201canother manifestation of policy uncertainty\u201d reinforcing concerns about U.S. market access and weighing on Canadian firms.<\/p>\n

Capital Economics says in a note the U.S. ban on some Canadian goods \u2014 including whey, alcoholic beverages, and motorcycles \u2014 will have \u201clittle effect on either economy.\u201d<\/p>\n

Still, it says the escalation means the tariffs could remain in place for longer, dealing the Canadian economy a larger blow and potentially causing Canada\u2019s economy to stagnate or contract in the fourth quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"New tariff hit will be minor Brett Bundale, The Canadian Press – Sep 9, 2026 \/ 12:22 pm…\n","protected":false},"author":2,"featured_media":889725,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-889724","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/889724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=889724"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/889724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/889725"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=889724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=889724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=889724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}