Ottawa’s Counter-Tariffs on US Costing Canadians $100 Million Weekly, Economist Says

Canada’s retaliatory tariffs on U.S. imports are costing consumers an estimated $100 million per week and increasing prices by approximately 0.25 percent. These counter-tariffs, imposed on September 8th, range from 15 percent on farm equipment to 50 percent on items like smartphones and aluminum. The tariffs disproportionately affect lower-income Canadians, reducing disposable income for those earning under $30,000.

• Canada’s retaliatory tariffs on U.S. imports are costing consumers $100 million weekly.
• Consumer prices have increased by roughly 0.25 percent due to these tariffs.
• Tariffs range from 15% on farm equipment to 50% on smartphones, furniture, aluminum, and steel.
• Individuals earning under $30,000 annually have seen their disposable income cut by half a percentage point.