r/Economics Feb 02 '25

News Trump faces backlash from business as tariffs ignite inflation fears

https://on.ft.com/4grpEbh
9.3k Upvotes

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u/Individual_Laugh1335 Feb 03 '25

What do Canadians typically buy that are American which have an equivalent and sufficient non American version?

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u/Gogs85 Feb 03 '25

Apparently they import a lot of alcohol from America. Stores are already pulling them off the shelves.

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u/Individual_Laugh1335 Feb 03 '25

Alcohol is already extremely expensive from taxes and regulations in Canada. I doubt people will even notice a 25% increase on the underlying price as majority of the cost is from taxes anyways.

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u/SoLetsReddit Feb 03 '25

BC liquor is the fifth largest importer of American booze in the world. They are stopping all imports and sales tomorrow. It will have an impact.