{
  "id": 6328341,
  "title": "How Canada decided to hurt its own economy, raise its inflation—and most Canadians approved because they’re so angry at Trump",
  "url": "https://urgent.news/2026/09/08/how-canada-decided-to-hurt-its-own-economy-raise-its-inflation-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T20:36:19.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/09/08/canada-retaliatory-tariffs-hurt-economy-inflation-trump-unpopularity/"
  },
  "original_language": "en",
  "account": "Canadian Prime Minister Mark Carney's \"dollar-for-dollar\" tariff strategy, implemented on Tuesday, will impact hundreds of U.S. goods and raise inflation, despite 75% of Canadians supporting the move. The retaliatory tariffs, which range from 15% to 50%, were enacted in response to the breakdown of trade talks between the countries and the Trump administration's additional tariffs on Canadian goods. Although the strategy may protect domestic manufacturers, it will also force Canadian businesses to absorb added costs and increase consumer prices, according to Oxford Economics analysts. Canada's GDP growth may decrease by 0.2% to 0.3% in 2027 due to tariffs, and inflation is projected to rise by about 0.3%. Regions like Ontario, New Brunswick, and Quebec, with high concentrations of impacted manufacturers, will feel the effects most prominently. While economists predict the aid package introduced by Carney will provide temporary relief, it is unlikely to offset the overall drag from the new bilateral US-Canada tariffs.",
  "summary": "Oxford economists predict Canadian Prime Minister Mark Carney’s retaliatory tariffs will slow economic growth and raise consumer prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}