this post was submitted on 03 Mar 2025
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Canada
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Just so I'm clear, if/when Trump imposes tariffs on Canadian goods entering the US, Canada plans reciprocate with equal Teriffs on US goods entering Canada?
I/we know and understand that teriffs are basically an import tax, paid to the government by the companies which are bringing the product in, and generally that cost is passed down to consumers in the form of a higher price tag on goods.
Is the end goal here is to bolster our own economy by making US goods prohibitively expensive for Canadian citizens to buy, in turn making Canadians more likely to purchase Canadian goods (which is what we are trying to do anyway)?
What is stopping this from hurting out economy the same way it will likely hurt the US economy?
I feel like I need a stronger understanding of the situation.
The CBC has published a website to explain things, you may find it useful.
https://newsinteractives.cbc.ca/features/2025/tariff-explainer/#intro
Oh that does look very useful, thank you!