Comment by nailer
7 days ago
The media has been perpetuating that that tariffs are borne by consumers. This is partially the case, but not entirely: US dairy in Canada is not 3 x the price of Canadian dairy despite the 200% + tariff.
7 days ago
The media has been perpetuating that that tariffs are borne by consumers. This is partially the case, but not entirely: US dairy in Canada is not 3 x the price of Canadian dairy despite the 200% + tariff.
Bad example. Most dairy imports from US -> Canada are not subject to the tariffs.
This video goes over the details of the thresholds and how those dairy tariffs work: https://www.youtube.com/watch?v=0lURdVBCBo8
In short, nobody is paying 200% tariffs.
Admittedly without knowing much about our dairy industry and supply management, isn't this flawed logic? If a 200% import tariff means Canadian dairy can also be sold at a higher cost, then it's still the consumers bearing the cost--they are being denied access to cheaper dairy altogether.
It really also depends on how a product is imported. Is dairy imported into Canada as a ready to sell retail product, or as bulk 'raw material' for local companies to turn into consumer products. In the latter case the tariff is less significant to the final price since most of the price the end user sees are local markups rather than the cost of the raw ingredient.
> The media has been perpetuating that that tariffs are borne by consumers
They’ve not done that enough. The title is literally “34% tarriffs on China”. Heh, not __on__ China but 34% import tax on products which come indirectly or directly from China, imported by $country residents or companies.