US Tariffs Spark Global Trade Disputes

Published on 4.6.25

  The average effective US tariff rate is estimated to be around 24%, comparable to those seen during the Great Depression, and has led Canada to accuse the US of launching a "direct attack" on its trade rules. The imposition of potential 25% tariffs on Canadian imports has had a severe impact on companies like Roustan's, which relies heavily on exports to the US for its hockey stick business. The imposition of 10% minimum tariffs on most goods imported to the US, including products from Canada, aims to combat trade imbalances and protect American industries. However, this move has been met with criticism from international leaders, who fear it will lead to higher inflation and slower economic growth worldwide. China has retaliated by accusing Washington of violating international trade regulations in response to the imposition of tariffs on its imports. The tit-for-tat approach has caused significant disruptions in various industries, including the sports equipment sector.

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