President Donald Trump’s tariffs on imports of foreign goods have already begun, and more are on the way, likely forcing some businesses to raise prices.
Prem Watsa arrived in Canada with just Rs 64 in his pocket. He moved to join his brother and pursued an MBA at the University of Western Ontario. To fund his education, he took up a modest job selling appliances door-to-door.
His comments came after Trump announced that the tariffs are scheduled to come into effect Tuesday, will put a 25% tax on Canadian and Mexican imports, and a 20% tariff on Chinese imports, reported New York Post.
Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.