Trump’s tariff threat could impact Canadian economy but may be negotiation tactic, experts say
The duties cover more than 500 items and could hit electronics, plastics and beverage exports while raising costs for U.S. consumers, officials said.
- President Donald Trump announced an unprecedented 50 per cent duty on Canadian-made goods set to take effect Aug. 19, targeting more than 500 items across three White House proclamations tied to provincial booze bans, Canada's protected dairy industry and the integrated auto industry.
- Trump is invoking an obscure 1930s law that has never been used before to implement these tariffs, and unlike previous trade disputes, items in the Canada-United States-Mexico Agreement receive no exemption; Prime Minister Mark Carney spoke with Trump the day after and agreed to intensify trade talks.
- Electronics represents the biggest threatened sector with more than $4 billion US in Canadian exports at risk, while Canada's plastics industry faces about $3 billion US in threatened exports and beverage exports worth about $900 million US are also targeted.
- British Columbia faces disproportionate impact with more than 13 per cent of provincial exports threatened, while Quebec stands to take a major hit with about 10 per cent of its exports exposed, compounding existing 50 per cent tariffs on steel and aluminum; Alberta and Saskatchewan experience minimal impact with only about one per cent of exports targeted.
- Nearly four per cent of Canada's total world exports face a 50 per cent surcharge given reliance on the U.S., whereas the tariff list represents roughly half a per cent of American global imports, reflecting asymmetric economic impact; research shows most tariff costs transfer to end consumers on both sides of the border.
37 Articles
37 Articles
Trump takes aim again at Canada’s dairy system. Importers say there’s an easy fix — get the processors out of the way
Supply management defenders say the Americans have never filled their quota of products that could be imported duty free. Canadian cheese importers say the problem is that Ottawa gives quotas to domestic dairy processors, who have no incentive to bring in products that will compete with their own.
meadowlakeNOW
Gaps in tariff effects among provinces could test Team Canada’s unity: experts
OTTAWA — Experts warn the latest tariff threats from the United States will hit some provinces harder than others — and could test the united Team Canada front. U.S. President Donald Trump signed a series of executive orders Monday to impose 50 per cen...
Winnipeg Free Press
Gaps in tariff effects among provinces could test Team Canada's unity: experts
OTTAWA - Experts warn the latest tariff threats from the United States will hit some provinces harder than others — and could test the united Team Canada front.
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