Canadian Retailer Magazine | Finance & Taxation

How retailers in Canada are affected by retaliatory tariffs

How retailers in Canada are affected by retaliatory tariffs

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.

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