Early in the NAFTA renegotiation process, Retail Council of Canada commissioned a study on the potential impact of a trade war with the United States. The study examined both the cost impacts of higher tariffs and the effect on Canadians’ incomes of a trade war. Its conclusion was that for every 1% increase in across the board tariffs on imports from the U.S., Canadian retailers would see a $1 billion increase in cost of goods.
About the author
Retail Council of Canada (RCC) has been the Voice of Retail in Canada since 1963. We speak for an industry that touches the daily lives of Canadians in every corner of the country — by providing jobs, career opportunities, and by investing in the communities we serve.