NPR - The $20 billion in tariffed goods won't significantly impact the U.S. economy, NPR's Stephan Bisaha tells Up First. Canada is likely to feel the strain a little more. But if the trade war continues to intensify and goods like American cars and Canadian oil enter the mix, it would have a bigger effect. Bisaha adds that the $20 million figure is no coincidence; it's also the value of Canadian goods the U.S. will impose tariffs on. Despite the minimal effect on the U.S. economy, the year and a half of fluctuating tariffs has caused considerable uncertainty for U.S. businesses.
The Guardian - Paper products are among the hardest-hit sectors, with Canada threatening to put tariffs of between 25% and 50% on “toilet paper or face tissue stock” from 8 September in retaliation for a 50% hike from Washington DC.
Though American toilet paper and tissues are often made domestically, they heavily rely on lumber-rich Canada for raw materials. Procter & Gamble, the owner of Charmin toilet paper, said last year that it would have to increase prices amid tariffs that were in place at the time.
The US imported $328m worth of toilet paper from Canada in 2024, according to the World Bank, making it by far the largest exporter of the product to the US. Retailers including Costco source much of their paper products from the country.
The US accounts for more than 20% of global tissue consumption despite having only 4% of the world’s population. The average American uses 141 rolls of toilet paper per year, making them No 1 for No 2s globally, just ahead of Germans, each using an average of 134 rolls annually.
It’s not just paper products that could rise in price. The trade war highlights the deep economic ties shared between the two countries as consumers continue to worry about inflation on both sides of the border. US tariffs are specifically affecting Canadian liquor, including popular whiskey brands Crown Royal and Canadian Club, which are currently under a 50% tariff.
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