Worth noting, Canada doesn't actually charge 270% tariffs on milk. The base tariff for milk is 7.5%:
> Canada’s whole system is built to avoid a surplus -- hence its name, “supply management.” [...] Within quota, the tariff is 7.5%. Over-quota milk faces a 241% tariff. [1]
I also have to agree with Derek Holt here:
> Derek Holt, an economist at Scotiabank, said in a research note. “Better judgment would question whether an entire trading relationship needs to be jeopardized in order to appeal to dairy farmers in Wisconsin.” [1]
> Canada’s whole system is built to avoid a surplus -- hence its name, “supply management.” [...] Within quota, the tariff is 7.5%. Over-quota milk faces a 241% tariff. [1]
I also have to agree with Derek Holt here:
> Derek Holt, an economist at Scotiabank, said in a research note. “Better judgment would question whether an entire trading relationship needs to be jeopardized in order to appeal to dairy farmers in Wisconsin.” [1]
[1] https://www.farmprogress.com/management/does-canada-really-c... https://www.farmprogress.com/management/does-canada-really-c...