Economics’ Jonathan Ernest explains how Canada tariffs could raise costs for businesses and consumers

Canada Tariffs Could Drive Up Costs for Businesses, Consumers

Spectrum News: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, said the new 50% tariffs on Canadian imports could create significant uncertainty for businesses, forcing them to reconsider supply chains and whether tariffs will be raised or lowered. He warned costs can ripple through multiple layers of businesses, ultimately increasing prices for consumers.