Most of Canada’s counter-tariffs on the U.S. have now ended (globalnews.ca)

submitted 3 months ago by floofloof@lemmy.ca to c/canada@lemmy.ca

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[-] TribblesBestFriend@startrek.website 43 points 3 months ago

Will groceries get cheaper? With the removal of these tariffs, Canadians could see prices on some groceries come down relatively quickly, said University of Guelph food economist Mike Von Massow.

Hahahahaha!

[-] Binzy_Boi@piefed.ca 5 points 3 months ago

This makes sense though? The consumer pays for the tariffs, not the U.S.. The price increase on U.S.-imported groceries from tariffs will be removed, making prices come down to how they were before we placed tariffs on them.

[-] TribblesBestFriend@startrek.website 8 points 3 months ago

Price go up, they never go down. Food Companies will not drop their prices to what they were before tariffs. We already seen this with post-Covid

[-] WhatAmLemmy@lemmy.world 1 points 3 months ago

That was inflation + price gouging. There was never any reason prices would go down after Covid. With this there is, though I doubt they will.

[-] krashmo@lemmy.world 8 points 3 months ago

How is inflation + price gouging significantly different from tariffs + price gouging? In both cases companies have an excuse to raise prices and no incentive to lower them again.