2 ms·
A full analysis needs to look at the downstream effects as well. e.g. Exports and retail. As a Canadian, I now avoid American products and retailers as much a
by beloch 9mo ago
A full analysis needs to look at the downstream effects as well. e.g. Exports and retail.
As a Canadian, I now avoid American products and retailers as much as possible. This isn't just political (Trump has repeatedly threatened to annex Canada). This is about filthy lucre too.
Anything manufactured in the U.S. with tariffed inputs (e.g. Steel, Aluminum, softwood) is more expensive now. Foreign goods that merely pass through the U.S. on their way to Canada are not supposed to be tariffed, but many U.S. retailers simply don't do the paper work necessary to make that happen, no doubt because the Trump administration has made that paperwork so chaotic and difficult to do.
The upside is that Americans aren't just paying for 95% of these tariffs, they're losing export business from the rest of the world too. On top of this is the additional cost of unpredictability. Is the U.S. about to slap additional tariff's on the EU because of Trump's Greenland ambitions? If you're planning a project in Canada, you'd be wise to avoid any U.S. products that use EU inputs for the foreseeable future too.