The U.S. tariffs on Canadian imports and Canada’s retaliatory tariffs will drive up prices on both sides of the border, but it will take some time before the price increases become noticeable.
In the case of Canada, the prices on some items may rise in as early as a week, while others may take longer, analysts say.
On March 4, U.S. President Donald Trump went ahead with 25 percent tariffs on all Canadian imports, and 10 percent tariffs on Canadian energy imports. Canada in turn is retaliating with 25 percent tariffs on $30 billion worth of American exports to Canada immediately, and on another $125 billion in 21 days….