Deloitte Warns Tariff Fallout Could Deepen Economic Downturn

April 30, 2025, 7:21 am

Deloitte’s recent economic outlook highlights that as companies’ pre-tariff precautions fade, the mounting impact of tariffs is expected to dampen investment and job growth. The report signals a more prolonged economic slump for Canada, underscoring the fragility of a trade-dependent market in an era of rising protectionism.

citynews.ca / Ontario to experience ‘modest recession’ with Windsor the most impacted by U.S. tariffs: FAO

Ontario’s economy will experience a “modest recession” this year, while potential growth will be cut in half in 2026 as a result of tariffs imposed by U.S. President Donald Trump. The Financial Accountability Office of Ontario says there will be more than 68,000 fewer jobs in Ontario in 2025...

torontosun.com / Mercedes, Stellantis scrap guidance as tariff chaos spreads

(Bloomberg) — President Donald Trump’s tariffs prompted several of Europe’s largest automakers to withdraw financial guidance, underlining the extent of the chaos unleashed by his fast-changing trade tactics. Jeep owner Stellantis NV and Germany’s Mercedes-Benz Group AG on Wednesday pulled...

citynews.ca / Trump’s tariffs loom over the economy as shipments from China fall

WASHINGTON (AP) — American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president’s massive and unpredictable taxes on imports seem likely to mean emptier...

nationalobserver.com / Trump signs executive orders to give automobile industry tariff relief

US President Donald Trump signed executive orders on Tuesday that he said will give some temporary relief to an automotive industry besieged by multiple tariffs that have caused anxiety and concern throughout the deeply integrated North American market.

citynews.ca / Climate change is making coffee more expensive. Tariffs likely will too

ROCHESTER, N.Y. (AP) — With her purple-and-pink hair swaying, Reneé Colón stands on a stepladder in the rented corner of a warehouse, pouring Brazilian coffee beans into her groaning old roasting machine. The beans are precious because they survived severe drought in a year when environmental...

globalnews.ca / Tariff impact grows as companies’ steps to soften blow fades: Deloitte

Deloitte Canada's chief economist says a modest downturn is ahead for Canada, while a loss of free-trade access to the United States would create a more permanent hit.

financialpost.com / Canadian economy headed for recession this year, according to Deloitte outlook

Canadians should be prepared for 'really soft economic activity' over next six to eight months

citynews.ca / Tariff shocks to jobs, economy growing as boost from preparation fades: Deloitte

TORONTO — Deloitte’s latest economic outlook sees the pain of tariffs gathering pace in the months ahead as the short-term boost from companies front-loading activity fades. The firm says the uncertainty from trade policies, and the efforts by companies to get orders in before tariffs hit, mean...

permalink / 8 stories from 5 sources in 3 hours ago #economy #business #tariffs #canada #trade #finance #employment #autosector #europe #ontario

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Deloitte Warns Tariff Fallout Could Deepen Economic Downturn

More Top Stories...

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Massive Recent Quebec Storm Aftermath: Over 100,000 Homes Without Power

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