President-elect Donald Trump's aggressive tariff proposal—25% on imports from Canada and Mexico—could wreak havoc on North America's economies. Goldman Sachs predicts losses for Canada and Mexico, surging consumer prices, and a slowdown in U.S. growth.
In a note shared on Monday, Goldman Sachs economists, including Joseph Briggs, estimate that Canada and Mexico could see their gross domestic product shrink by as much as 4% under Trump's full 25% tariff proposal, while U.S. GDP could contract by 0.4%
