US EditionImpact of the Increase in American Tariffs
3 Articles
3 Articles
The increase in customs duties should not have a significant impact in itself as it affects only a small portion of Canadian exports.
Washington, United States. The United States is preparing to increase tariffs to dozens of trading partners if they fail to reach agreements with President Donald Trump. Economists warn that the rise in US customs tariffs threatens to increase business costs and consumer prices. The risk is a slowing down of consumption, the key driver of the world’s largest economy. Most Latin American countries were subjected in April to a 10% universal minimu…
The Canadian Federation of Independent Business (CFIB) has issued a statement regarding the increase in U.S. tariffs from 25 to 35%, which it believes will harm SMEs on both sides of the border and that using fentanyl as a justification is even more ridiculous than the decision to introduce tariffs. The consolidation also notes that uncertainty will continue to weigh heavily on Canadian SMEs, although it is encouraging that most Canadian exports…
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