An unknown rate of tariffs will be charged to Canadian imports on Feb. 1, the White House reiterated yesterday. U.S. President Donald Trump has talked about a 25 percent tariff. He mused yesterday about using the tariff revenues generated by his newly-created Department of External Revenue to lower—or even eliminate—income tax for U.S. citizens. Canada has threatened “dollar for dollar” retaliatory tariffs on U.S. goods coming into Canada, if the U.S. imposes tariffs on Canadian products.
(We will have a full report on the tariffs/trade war issue in Monday’s Hardlines Weekly Report, our exclusive e-newsletter sent exclusively to Hardlines Premium Members.)
