OTTAWA — Canada’s finance minister is warning business leaders in New York that a proposed U.S. border tax threatens to make both countries poorer — and might even hurt Americans more.
In an appearance Monday at a World Economic Forum event, Bill Morneau cautioned that a tariff-like tax would hurt families on both sides of the frontier by disrupting a mutually beneficial trading relationship and imposing extra costs on U.S. firms.
Morneau’s stronger public stance against the border tax comes after Natural Resources Minister Jim Carr noted last week that the policy faces huge opposition in Washington.
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