With the tariff threat deadline quickly approaching, Canada’s premiers are moving to reduce internal trade barriers.

SeoRhin Yoo, a Senior Policy Analyst for Interprovincial Affairs with the Canadian Federation of Independent Business shares the benefits of removing internal trade barriers.

“By removing or reducing the barriers to internal trade, governments can help soften the blow of the tariffs. According to an international monetary fund study, the non geological barriers that we have in place across Canada essentially acts like a 21 percent tariff that we are artificially putting on ourselves.”

Yoo added that removing these barriers, we can add up to $200 billion to our economy, introduce  more options into the market for consumers and businesses,  and help keep costs at bay.

Find out more about the status of Canada’s internal trade barriers by going to cfib.ca.

You can also  listen to Thompson Today this afternoon at 12:40 and 5:10.