For most products,Canada is a small economy with no market power in the global market.If Canada imposed a tariff on imported goods from a low-wage foreign country,this would

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Imposing a tariff on imported goods from a low-wage foreign country would reduce the advantages of specialization and trade because it would increase the cost of production for Canadian firms that rely on these imports. This could lead to higher prices for consumers and reduced competitiveness for Canadian businesses. It would not necessarily reduce the price of the imported good in Canada, increase the income of the foreign producer, equalize the costs of production between the two countries, or increase national income in the low-wage country.

For Most Products,Canada Is a Small Economy with No Market