U.S. President Donald Trump’s threatened tariffs on Canada are still set to come on Saturday, the White House has confirmed.
With Ottawa expected to respond with retaliatory tariffs, how long will it take before you feel the impact on the foods and items you purchase?
“The impact could be immediate depending on the sector,” said David Dienesch, the CEO of Allianz Trade in Canada, a company that specializes in supply trade insurance.
He added, “There are concerns that any oil and gas tariffs will result in a potential increase in gasoline prices in the USA by $0.75 a gallon. Therefore, any transportation costs for goods coming into Canada from the USA would be impacted. Companies need to pass on the increases, especially for lower margin products.”
On Thursday, Trump said Canadian oil and gas “may or may not” be included in the tariffs.
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“We may or may not. We’re going to …