In any U.S.-led tariff-driven trade war, Canada would be collateral damage.
tariffs
Investing abroad makes home-country companies more efficient, thereby enabling those companies to grow faster than they otherwise would.
Canadian shoppers have long suffered from higher prices on some consumer goods, relative to other countries, especially the United States.
If Canadians need a reason to support the just-announced free trade agreement with South Korea, here are a few hundred million: every year, Canadians pay hundreds of millions of dollars in hidden taxes on imported automobiles and auto-related products. At least some of those hidden taxes are in the form of tariffs applied to imports from South Korea.
There are few Canadians who understand agricultural supply management and how it affects their daily lives, which is a major reason why this outdated system has survived. Its receiving greater scrutiny now, though, because its impeding trade agreements.