The effect of tariffs imposed by the U.S.

Date: 15.10.2018 | Blog

What do US imposed tariffs accomplish?  More tax revenue for the US? Yes, if Canada did not impose retaliatory tariffs.  More US jobs?  No as you will see in this article.  Jobs will be lost.

The “dairy” matter is often referred to by Trump.  In 2017, Canada imported $471,000,000 million of US dairy products and exported $150,000,000.  Under NAFTA, tariffs only kick in when the amount either country sends to the other, exceeds pre arranged targets.  Canada protects its dairy farmers by accepting their estimates of production so that no one has to throw product away.

The US on the other had has the largest producers in Wisconsin, dumping 100 million gallons of milk.  And the US budget just authorized $1B for the dairy industry. Find them a market.

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