Mar 23, 2018
By Michael Kramer
Experts say U.S. President Donald Trump’s plan to impose tariffs on up to US$60 billion of Chinese imports – could help Canadian retailers – by further easing cross-border shopping.
The Retail Council of Canada says that the plan to raise the price of Chinese goods, such as electronics, sold in the United States – could prompt more Canadians to shop at home.
Council vice president Karl Littler says lower demand for Chinese imported goods – could help Canadian retailers negotiate better deals – and Canadian Association of Importers and Exporters president Joy Nott also thinks higher prices for goods – could encourage more Americans to shop in Canada.
China announced a $3 billion list of U.S. goods for possible retaliation – a day after U.S. President Donald Trump outlined US$60 billion worth of tariffs on Chinese goods.