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What the U.S. and Canada’s Trade War Could Mean for Prices
The trade war is set to further escalate later this month: the Trump Administration said on Tuesday that it will bar the import of certain dairy products, motorcycles, and alcoholic drinks from Canada, starting on Sept. 29. The announcement comes after several Canadian provinces prohibited American alcoholic beverages from being sold last year.
There is no clear resolution to the conflict on the horizon, and both Trump and Carney are standing their ground.
Here’s how the tariffs—on both sides—could affect consumers amid the ongoing rift.
What products will be impacted by the U.S. and Canadian tariffs?
Experts point out, though, that the goods being affected by the tit-for-tat tariffs make up a small portion of the overall trade between the two countries. The U.S. tariffs, for instance, are impacting about 5% of the nearly $382 billion worth of goods that Canada exported to the U.S. last year, while the Canada tariffs are affecting about 6% of the more than $330 billion worth of goods that the U.S. exported to its northern neighbor in 2025.
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