President Donald Trump’s plan to impose tariffs on up to $60 billion (U.S.) of Chinese imports could help Canadian retailers by further easing cross-border shopping, even though a full-fledged trade war between the world’s two economic superpowers would damage Canada’s economy, experts say. Littler added that lower U.S. demand for Chinese-made goods could help Canadian retailers to drive better bargains from Chinese factories looking to replace lost sales. Canadian Association of Importers and Exporters president Joy Nott also thinks higher prices for goods could encourage more Americans to shop in Canada. Canadian products that are similar to Chinese goods could also be substituted by American buyers, helping to boost Canada’s export sector. Further retaliation by China could open the door for more Canadian exports to replace higher-priced American goods, particularly in agriculture.

Source: thestar March 23, 2018 20:10 UTC