Economist says Ottawa's retaliatory tariffs on the US cost Canadians C$100 million per week

University of Calgary economics professor Trevor Tombe told the Canadian House of Commons Standing Committee on Foreign Affairs and International Development that Ottawa's retaliatory tariffs on the US are costing Canadian consumers about C$100 million per week in additional costs, pushing overall prices up by roughly 0.25%. The retaliatory tariffs took effect on September 8, covering C$28 billion worth of US imports at rates ranging from 15% to 50%. Tombe argued that the economic rationale for the retaliatory tariffs is weak and has not produced any meaningful impact on US policy.