Canada could be trade winner as U.S. tariffs undershoot global competitors by wide margin, says report

The tariff rate imposed on Canadian exports by the United States is estimated to be the lowest amongst the world’s trading countries, meaning that Canada could end up coming out ahead in Donald Trump ‘s trade war , a new report says.

Oxford Economics Group Ltd. estimates the U.S.’s current effective tariff rate on Canada is 2.5 per cent, placing it below Mexico at four per cent and well below other major U.S. trading partners.

For example, the U.S. tariff rate is 35 per cent on China, 15 per cent on Japan, 13 per cent on South Korea and eight per cent on the United Kingdom and the European Union, based on data from calculated duties as a share of imports, Oxford said.

“If the relatively low tariffs apparently being paid on imports from Mexico and Canada persist, these two econo