My review of the Broadcast and Telecommunications Legislative Review Panel report (previous posts include an overview of concerns, news regulation, Guilbeault's comments, net neutrality, discoverability claims, consumer costs, potential USMCA violations, and a podcast debate with panel chair Janet Yale) continues with an analysis of why the recommendations could cost Canadians millions of dollars in retaliatory tariffs. In fact, while the panel seemingly envisions free money with payments from thousands of Internet sites and services from around the world to pay for Canadian content, broadband funds, and news organizations, the reality is that the proposals could result in the U.S. being entitled to levy massive tariffs against Canadian products ranging from dairy products to steel. In other words, the real costs would ultimately shift to farmers, manufacturing workers, and many others with no connection to the cultural sector.