The National Post is reporting that the federal government is looking to reduce tariffs as a means to combat the U.S./Canada price gap on things like consumer electronics.
Internal documents obtained by the National Post reveal the government’s concern at prices it says are, on average, 15% higher than those paid by U.S. consumers before taxes.
It says the government tried to reduce the price of baby clothing and sports equipment in the last budget by removing tariffs that were as high as 18% on hockey skates.
The government document said that success [in previous reductions] would provide a rationale for further action.
A 2012 BMO Nesbitt Burns study illustrated some of the price differences between Canada and the United States: a pair of running shoes was 37 per cent more expensive in Canada, a lawnmower was 31 per cent more expensive and a kid's backpack wasRead More »from Tories eye tariff reductions to mitigate Canada/U.S. price gap: report