Canada’s tariffs on dairy products. Trump is not happy with these, hence the trade war.

This is an excellent example of how tariffs could act like tax on consumption. Tariffs increase prices of locally produced goods. At the G7 summit, U.S. President Donald Trump had tough words about Canada’s supply management system, which levies a tariff of 270% on milk, 245% on cheese and 298% on butter in an effort to keep imports out and tightly control supply. Is it time for the system to go? Dairy farmer Julaine Treur and Sylvain Charlebois of Dalhousie University explain both sides of the argument. Source: CBS

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