economy
Wiped out: US faces surging toilet paper prices amid trade war with Canada
Paper products among hardest-hit sectors after trade negotiations broke down, with 25-50% tariffs estimated
TL;DR
- Canada is imposing tariffs of 25% to 50% on nearly 900 American goods, including paper products, in response to US tariffs.
- Toilet paper, facial tissues, liquor, dairy, and fish/seafood are among the Canadian goods facing increased tariffs.
- The US auto industry could be affected by a 25% tariff on Canadian cars and auto parts.
- US trade representative Jamieson Greer stated the trade dispute will not affect US consumers.