U.S. President Donald Trump is going to hit Canadian goods with 25 percent tariffs on Tuesday, with a lower 10 percent duty for energy, according to provincial government sources.
Here’s a look at some of the key questions as the clock ticks down.
What is a tariff?
Tariffs are a tax on imported goods. Like other taxes, they’re generally used by government to help meet policy objectives and raise revenue.
The main goal of tariffs is usually to help boost and protect domestic producers by raising costs for importers. The trade-off is that those costs are often passed on to consumers….