Economists estimate over 90% of Canadian goods are entering the U.S. tariff free, pushing down the overall rate
The average effective tariff that was being charged on Canadian goods going to the United States was possibly as low as 2.4 per cent to 2.5 per cent, two economic houses suggest.
New reports by Oxford Economics Ltd. and Capital Economics Ltd. suggest the average tariffs being charged on Canadian exports to the U.S. in June were as low as 2.4 per cent and 2.5 per cent, well off a previously forecasted rate from Capital of nine per cent for the month.
This can’t sit well with the Elbow People.
