THE TARIFF WARS HAVE BEGUN. Effective July 1, Canada imposed hundreds of duties on American products as retaliation for American tariffs on aluminum and steel from Canada. The concept is to hit U.S. exporters sending goods to Canada with costs that match the hit Canadian exporters are taking when they send products to the U.S.
For consumers in Canada, the new tariffs are a maze of trivial charges on such things as licorice, candy and toffee, non-frozen orange juice, mayonnaise, salad dressing, soups and broths, ketchup, shaving cream, bobbins and spools, thin sheets of plywood and automatic dishwasher detergent. Canada is hitting back with tariffs on 229 goods. Many tariffs are focused on goods from states that voted for President Trump in 2016, e.g., bourbon from Kentucky, which is…
