A general statement, not directed to your post... but If someone doesn't understand how Tariffs work, how it affects your business & your clients, you shouldn't be in Business in the first place.
A general statement, maybe. But for many businesses and consumers tariffs on goods travelling back and forth between Canada and the US have been a non-issue for nearly thirty years. So I wouldn't be surprised if for many this is a new issue not dealt with before. I spoke with a few B2B customers in the US over the past week or so who had no idea that there was even a trade war and that tariffs were being applied to Canadian and US products moving between the two countries. That being said I think they'll be fine despite their lack of understanding.
I think what is of importance here is that as long as the two federal governments are going toe to toe (and the provincial and state governments) there is no simple answer. Many strategies can be adopted to address the tariffs but we have our sights on a erratic and constantly moving target. Just when you think things are settled we have another announcement of tit for tat.
What I really enjoy is watching the divide and conquer practices that are in place. The Ontario, Quebec and New Brunswick premieres talk about export duties on hydro. Saskatchewan talks about limiting potash exports. Alberta is looking at oil and gas export tariffs. Our non-elected PM, Mark Carney, is talking about striking back at the US tariffs and at the same time talking about how valuable the emergency measure act might be going forward. If not for being a family channel I would swear loudly btw.
Now the Ontario Premiere and the Federal Finance Minister are heading to DC for a meeting with Howard Lutnick. Really? And what will that accomplish for the rest of us?
I say we are being duped. Both governments are basically increasing taxes on their own people by creating a fake trade war. This is planned and will take billions out of the economy and put it ultimately in the pockets and off shore bank accounts of the already all to wealthy. If one thinks that Trump and Carney aren't still playing for the WEF team they are sadly mistaken.