Canada announced counter-tariffs of 15 per cent, 25 per cent and 50 per cent on 20 billion dollars of US goods from 8 September. Cross-border truck freight value rose 24 per cent in July while total weight fell 1 per cent. The 50 per cent US tariff on Canadian goods is also affecting Alaska shops, whose owners say they cannot pass the full increase to customers.
Canada announced tariffs of 15 per cent, 25 per cent and 50 per cent on 20 billion dollars of US goods from 8 September. Each product rate mirrors its corresponding US rate, with the maximum set at 50 per cent. Ahead of that announced start date, businesses on the US side of the border were facing higher costs for goods purchased from Canada.[1], [2]
Cross-border truck freight value rose 24 per cent from a year earlier in July, while the total weight moved fell 1 per cent. Southbound entries from Canada reached their lowest July level in 15 years, while US-bound crossings from Mexico were virtually unchanged. Carriers reported finding freight in one direction but returning with empty equipment. The uneven distribution of loads affects their outbound and return schedules.[1]
The 50 per cent tariff on Canadian alcohol, building materials and dairy has reached shops in Anchorage. Owners say the rate is too large to pass fully to customers. Alaska imports more than 1 billion dollars a year from Canada and sends more than 600 million dollars back across a border of about 2,400 km. Local shops are encountering the price pressure on the import side of that two-way trade.[2]
