The same experts have found that most importers simply pass the added cost of tariffs on to U.S. consumers by jacking up their prices — rather than going out of their way to rep

Peter Morrow, an associate professor of economics at the University of Toronto, said it is premature for Canada to impose retaliatory tariffs. U.S. President Donald Trump’s looming threat of tariffs is a ticking clock on Canada to make a move but some experts believe that imposing retaliatory tariffs would be premature and potentially detrimental.

President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers.