Canadian consumers are likely to face higher prices, even for some Canadian products, as a result of new counter-tariffs of up to 50 per cent on hundreds of U.S. goods worth about $28 billion.
Tariffs are taxes or duties applied for importing certain goods, and as businesses generally face heightened costs, including from these new counter-tariff measures, experts say they may choose to pass them along to consumers by raising sticker prices.
These latest counter-tariff measures come as a response to U.S. President Donald Trump imposing 50 per cent tariffs on hundreds of Canadian products last month, especially those within the dairy, alcohol…
Read the full article at GLOBALNEWS.CA
