The 10 per cent tariffs or similar measures on selected U.S. imports are set to take effect July 1 after an industry consultation period. Part of the 10 per cent levy at the wholesale level may eventually be passed on to Canadian consumers in the retail price, if the tariff war persists. On top of being potentially cheaper than U.S. goods subject to the tariffs, some Canadian consumers or businesses may shop more patriotically in protest, she said. Foreign Affairs Minister Chrystia Freeland said Thursday that the products subject to tariffs were carefully chosen to limit the impact on Canadian producers and consumers. "Putting a levy on something that we import $3 million worth of is not likely to have any impact whatsoever on any Canadian consumers.

Source: Huffington Post June 03, 2018 17:37 UTC