Canadian Tariffs Won't Have Major Implications for U.S. Inflation
Dow Jones
Jul 21
0923 ET - President Trump's new tariffs on Canada would boost the overall U.S. tariff rate by just 0.3 percentage points, according to a note from Capital Economics. Although, they will have a more meaningful impact on the tariff burden that Canadian exporters face, they add. "This specific tariff on Canada will not have any major implications for US GDP growth or inflation but, at the margin at least, this move may heighten concern among the FOMC that there are still more tariff-related cost pressures to come," the note says. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
July 21, 2026 09:23 ET (13:23 GMT)
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