Retaliatory Canadian tariffs will hurt Canadian consumers.
Goods don’t pay import taxes, only people pay import taxes.
Tariffs hurt Canadian consumers, but also Canadian producers who rely on imported inputs.
Recent U.S. actions underscore how difficult it is to negotiate a free trade agreement with a U.S. administration that believes in managed trade.
A Chinese phone company broke U.S. rules by trading with blacklisted states such as North Korea.
For smaller countries, access to the U.S. market is a major prize.