Part 4/7:
The conversation then shifted toward the potential repercussions of tariffs not just in Canada, but in the U.S. as well. If tariffs were enacted, they would likely lead to increased prices for consumers. Hall explained that while the immediate increase might not be substantial, the long-term consequences could result in untenable inflation. The Federal Reserve is already grappling with inflation rates hotter than anticipated, and additional tariffs would exacerbate this issue, making economic recovery more difficult.