What do tariffs on Canadian goods have to do with your daily life? More than you might think! 🇨🇦➡️🇺🇸
Canada is the U.S.’s second-largest trading partner, and in 2022, it was the #1 importer of American goods, making up 17% of all U.S. exports. At the same time, the U.S. imported $437 billion worth of goods from Canada that year.
Now, with steep tariffs looming, a surprising number of everyday products could cost you more—from your morning coffee routine to the sizzling bacon on your breakfast plate. Here’s a look at how tariffs could impact your daily grind:
☕ Morning Wake-Up Call: News & Coffee Just Got Pricier
You sit down at your kitchen table, coffee in hand, flipping through the morning newspaper. As you read about these new tariffs, take a closer look at what’s in your hands:🐷 99% of the newsprint used in U.S. newspapers comes from Canada. Expect prices to rise as the cost of printing goes up.
🍁 Breakfast Blues: Say Goodbye to Cheap Maple Syrup
Nothing says breakfast like real maple syrup on a fresh stack of pancakes. But be careful with that pour—prices could be going up!
🐷 Nearly 100% of imported maple syrup comes from Canada, making it one of the hardest-hit products under new tariffs.
🥓 The Cost of That Sizzling Bacon
That delicious smell wafting from your kitchen? Canadian bacon might soon cost you extra.
🐷 98% of the “streaky” bacon and other swine cuts the U.S. imports come from Canada. If tariffs rise, your breakfast protein might come with a bigger price tag.
And that’s just the start. Tariffs on Canadian goods could impact far more than just breakfast—from lumber for new homes to auto parts for your next car repair.
At ReadySetLoan, we keep an eye on the economic changes that could impact your finances. Whether you’re shopping for a new home or refinancing, staying ahead of market trends is key to making smart financial moves.
🐷 Stay tuned for more updates in the next Market Snout-Out! 🏡📈🚀
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