How the Canada-U.S. trade war could affect Canadian consumers
Escalating trade tensions between Canada and the U.S. have led to new tariffs and import bans on various goods. Experts suggest that while most products will remain available, consumers should expect higher prices and fewer brand choices.
Why it matters
This trade dispute directly impacts the cost of living and supply chain stability for Canadian households and businesses.
For more than a year it has been steeped in the national psyche , and just when we thought a deal was near with our friend-to-foe southern neighbour, we instead face a new — steeper — round of tariffs, bans and counter-tariffs.
Canada began imposing a new round of retaliatory levies on U.S. goods on Sept. 8, after the United States imposed new 50 per cent tariffs on $27.6 billion worth of Canadian goods. The U.S. then responded late last month with a set of bans on Canadian imports on some alcoholic drinks, dairy byproducts, molasses and motorcycles, among others.
So, how could the latest in the dispute continue to reshape the Canadian economy? Could the scramble to adapt help us diversify trade partners more quickly? And, what products, if any, could become more difficult to access?
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