June 12, 2018 8:00 am

Bill Kelly: Donald Trump risks jobs in a trade war that doesn’t have to happen

U.S. President Donald Trump leaves the G7 Leaders Summit in La Malbaie, Que., on Saturday, June 9, 2018. THE CANADIAN PRESS/Sean Kilpatrick

Sean Kilpatrick/CP

It started with the tariffs on steel and aluminum that were imposed on Canada and other G7 nations by Donald Trump.

It escalated when Prime Minister Trudeau stood up to Trump’s bully tactics and refuted Trump’s unfounded claims of unfair trading practices between the two countries.

READ MORE: Donald Trump slams Trudeau (again), says PM will cost Canadians ‘a lot of money’

Now, Trump is threatening to impose tariffs on the auto sector, which further indicates that he has no idea how international trade works.

Trump’s tariffs would hurt the Canadian and Ontario economies, but it will also impact American steel operations, which rely on Canadian product. The tariffs will most certainly result in higher prices for American consumers.

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WATCH: Canada’s strategy after Trump’s attacks on Trudeau

Likewise, auto tariffs would interrupt the long-established integrated supply chain that exists in North America, which could result in massive job losses in the auto industry on both sides of the border and, at the same time, increase prices significantly for cars, trucks and SUV’s.

Combine that scenario with the growing “boycott American goods” movement that is developing among G7 nations and there is a real possibility that Trump’s tariff tirade could actually send the American economy into recession.

READ MORE: Americans are saying #ThanksCanada in wake of Donald Trump’s attack on Justin Trudeau

In Trump’s haste to punish Canada for not capitulating to his one-sided demands, Americans could face job losses and economic hardship as collateral damage in a trade war that didn’t have to happen.

Bill Kelly is the host of Bill Kelly Show on Global

© 2018 Global News, a division of Corus Entertainment Inc.

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