Tariffs are an incoming tax. If the US applies tarrifs to Canada, then imports from Canada to the US will be charged this amount. That makes them more expensive for American consumers.
Unless Canada applies a retaliatory tariff, you won’t notice a difference. Canada is planning to retaliate only against specific goods, not a blanket one like trump is talking about. So you would only see the price increase on those particular products.
No, because that’s not how tariffs work.
Tariffs are an incoming tax. If the US applies tarrifs to Canada, then imports from Canada to the US will be charged this amount. That makes them more expensive for American consumers.
Unless Canada applies a retaliatory tariff, you won’t notice a difference. Canada is planning to retaliate only against specific goods, not a blanket one like trump is talking about. So you would only see the price increase on those particular products.