EmbeddingGemma 2: an open, lightweight multimodal embedding model
deepmind.google·6d ago
AI Engineering
Hacker News·Aug 26·5 min read
Wiped out: US faces surging toilet paper prices amid trade war with Canada
TL;DR
North America faces rising toilet paper prices as a trade war escalates between the US and Canada, with tariffs on paper products set to increase significantly. This situation threatens to disrupt decades of trade and impact consumers directly.
✦ Why It Matters
Consider sourcing alternative suppliers for paper products to mitigate potential price increases.
Key Takeaways
- Monitor price changes for toilet paper and tissues.
- Explore alternative suppliers for paper products.
- Stay informed about tariff updates affecting consumer goods.
- Consider local products to avoid tariff impacts.
Full Summary
Following the breakdown of trade negotiations, Canada has announced retaliatory tariffs on nearly 900 American goods, including a 25% to 50% tariff on toilet paper. This move comes in response to a 50% tariff imposed by the US on Canadian products.
The US heavily relies on Canada for raw materials in toilet paper production, importing $328 million worth in 2024. As a result, American consumers can expect price hikes on paper products, with Procter & Gamble already indicating potential increases.
The trade war also affects other sectors, including liquor and dairy, with tariffs impacting both countries' economies. With negotiations stalled, the future of these tariffs remains uncertain, although US officials claim consumer impact will be minimal.