What tariffs will really cost Canadians and Americans
Households and businesses have become used to tariffs impacting the cost of living for more than year now, so what will change now?
The US and Canada have been locked in a bitter trade conflict since President Donald Trump launched his tariffs policy on his return to the White House.
The latest escalation has seen Canadian Prime Minister Mark Carney impose retaliatory import taxes on a host of US goods which came into force this week, after Trump threatened hikes of his own.
As the dust settles in this tit-for-tat tariff row between the North American neighbours, here's what will be affected most on both sides of the border.
While there is a risk prices on some of those goods being imported from the US could rise, the more likely scenario is that consumers will turn to domestic alternatives, according to Bradley Saunders, North America economist at Capital Economics.