Monday, May 27, 2019

Effect of Tariffs on Canadian Magic

This podcast from Planet Money looks at the effect of the reciprocal Canadian tariffs on one Canadian game store. After the administration imposed 25% tariffs on Canadian steel, the Canadian government responded by imposing a 10% tariff on a wide variety of American imports including, playing cards. Since Magic falls into that category, the Wizard's Tower game store, which imports all of its Magic from the US, saw its prices rise automatically by 10%, reducing an already pretty small profit. Since the store sees 90% of its sales come from Magic, dropping the line was not an option. Listen to the podcast to see what happened or come back here tomorrow.

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