Canada’s trade negotiations with the United States have failed. Washington has imposed 50% tariffs on approximately $28 billion worth of Canadian products, and Prime Minister Mark Carney has promised a dollar-for-dollar response beginning Sept. 8.
Retaliation may be politically inevitable. But Ottawa must proceed very carefully. In attempting to punish Washington, Canada could easily end up punishing Canadian families at the grocery store.
Tariffs are taxes. Full stop.
