Dive Summary:
- The Canadian government has followed through on their commitment to remove tariffs on retail items for brick-and-mortar chains throughout the country.
- The items previously under the tariff were baby clothes, sporting goods and athletic equipment.
- The Retail Council of Canada (RCC) praised the removal of the tariff and says it will continue to explore the removal of Canadian tariffs with the goal of providing the best value to Canadian consumers.
From the article:
"The cuts in domestic tariffs implemented today are an important first step in ensuring that Canadian retailers can deliver the best value to our customers" Ms. Brisebois said. She went on to caution that "the beneficial impact of these cuts cannot be undermined by other tariff changes announced in Budget 2013 that will see increased costs for imports for over 70 countries around the world."