The Globe and Mail reports in its Wednesday, Feb. 12, edition that economic uncertainty surrounding U.S. President Trump's threat to impose 25-per-cent tariffs on Canadian goods is affecting landlords and renters. The Globe's Salmaan Farooqui writes that according to Rentals.ca, rents have declined for 12 months in Toronto and 14 months in Vancouver, with average Toronto rents down 7.6 per cent to $2,615 and Vancouver rents down 13 per cent to $2,896. While national rental rates are still 16.4 per cent higher than three years ago, concerns over potential recession due to tariffs may lead to further rent decreases. Rental market demand is weakening due to falling international migration and Canadians seeking cheaper communities, while supply has increased with more rental units recently completed. CIBC economist Benjamin Tal said the steel and aluminum tariffs that Mr. Trump implemented this week would have only a small impact on bringing rental prices down, even if Canada retaliates. The full implementation of tariffs on Canadian goods and subsequent Canadian retaliation could plunge the economy into a recession. Mr. Tal believes rent inflation has already hit the peak of what Canadians can realistically afford.