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| Hi WesternKS
Thanks for digging - it is a whole lot more fruitful conversation when we do a little research on our own. Your post made me do a little digging of my own to better understand the tariff world a little better.
Check out this document https://wits.worldbank.org/wits/wits/witshelp/content/data_retrieval...
This document outlines types of tariffs. MFN (Most favored nation) tariffs are rates a country charges any other country that subscribes to WTO trading rules. I don't know why they are called most favored because they apply to countries that you may trade with but not those that you have a special deal with.
The USMCA is an example of a preferential tariff. Countries agree to charge each other a preferential rate less than MFN. In the case of USMCA the rate is zero on 98% of the goods that travel between Canada and the US. Don't believe the X or Facebook memes or exaggerated claims by politicians. The most publicized numbers in the current dispute are the seemingly unbelievably high but true tariffs on milk poultry and egg product imports into Canada. Those ones are called TRQ's Tariff Rate Quotas.
The US tariff on sugar from Canada is an example of a TFQ going the other way.
This document describes the tariff on sugar products passing from Canada to the US.
https://sugar.ca/international-trade/north-american-trade
From this document- "Canadian refined beet sugar is limited to a 10,300 tonne share of this global TRQ, representing less than 0.1% of the 11.5 million tonne U.S. sugar market. Canadian refined beet and cane sugar can also complete with other global suppliers for a share of the small 7,090 tonne global portion of the TRQ. Any exports of Canadian sugar above these TRQs face the U.S. high tariff rate of $US 357 per tonne". A google search says that a tonne of refined sugar price is $530 US per tonne . $887 sugar isn't going to cross the border. There a sacred cows on both sides of the border!
These are the tariffs that Canada and the US apply on each other. The number to read is the applied rate.
https://wits.worldbank.org/tariff/trains/en/country/CAN/partner/USA/...
https://wits.worldbank.org/tariff/trains/en/country/USA/partner/CAN/...
Wally Central Ontario
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Politicians spin on tariffs = lies
