Trudeau decided to go ahead with retaliatory tariffs even though Trump’s order includes a mechanism to escalate the rates if Canada retaliates against the U.S.
The problem here, specifically, is that once imported items go up in price, there needs to be regulations that blocks local manufacturers from just upping their prices to match. Otherwise the imported items are still a viable purchase and tariffs will not work as a counter measure.
The problem here, specifically, is that once imported items go up in price, there needs to be regulations that blocks local manufacturers from just upping their prices to match. Otherwise the imported items are still a viable purchase and tariffs will not work as a counter measure.