Trump Tariff will Kill the Economy

[SalesServiceGuy]

The USA does not buy product from Canada because we are nice, it is because the USA needs these products at these prices to be competitive in the global marketplace.

All US steel and aluminum producers output costs are higher than Canada's. Plus, their output capacity is much lower.

The US defence and ship building industries depend on lower cost Canadian goods. Sooner or later this is going to become an issue of US national security as it struggles to build enough ships to compete with China.

Additionally, Prime Minister Trudeau met this week with his European counterparts to discuss how they plan to collectively react to the Trump tariff threats.

[SalesServiceGuy]

Ford Motor CEO Jim Farley saying Trump's tariffs, whether implemented or threatened, are causing "chaos" for the U.S. automotive industry.

Farley described this week's 25% tariffs on steel and aluminum, as well as threatened levies of the same amount on Mexico and Canada, as currently adding "a lot of cost, and a lot of chaos" to the industry.

[SalesServiceGuy]

The US Chamer of Commerce was saying today that it was worried about the effect on American workers and businesses regarding the proposed Trump steel and aluminum tariffs.

The European Economic Union called the proposed Trump tariffs unjustified and would be forced to impose coordinated tariffs aginst the USA.

[BillyCarpenter]

Ultimately, many of these companies in Canada will move to the USA or go bankrupt.

[SalesServiceGuy]

"Not imported from the USA"

The great majority of copier/ printer/ label printer products sold by Toshiba Canada are "not imported from the USA" and will not be subject to price shocks caused by any potential US tariffs. The great majority of Toshiba OEM goods enter Canada via the Port of Vancouver from various Asian countries.

[SalesServiceGuy]

Ultimately, many of these companies in Canada will move to the USA or go bankrupt.

... clearly, you are pulling that statement out of your ass!

When you have proof that has happened, let us know.

[BillyCarpenter]

... clearly, you are pulling that statement out of your ass!

When you have proof that has happened, let us know.

According to recent reports, a significant number of Canadian companies are planning to shift some of their investments and operations to the United States, particularly due to potential tariffs and the desire to maintain market access in the larger U.S. market; this trend is highlighted by a KPMG survey indicating almost half of Canadian businesses are considering such a move.
Key points about Canadian companies moving to the USA:

• Market access:
  The primary reason for Canadian companies moving to the U.S. is to better access the larger American market and avoid potential trade barriers like tariffs.
• KPMG survey findings:
  A recent KPMG report suggests that a large proportion of Canadian businesses are actively considering moving operations or investments to the U.S.
• Impact of tariffs:
  Trade tensions between Canada and the U.S., including potential tariffs, are a major factor driving Canadian companies to expand into the American market.

[BillyCarpenter]

Canadian food companies plan to expand production to U.S. as tariffs loom

https://www.theglobeandmail.com/business/article-trump-tariffs-canadian-food-manufacturers-mull-moving/

[BillyCarpenter]

Trump's Tariffs Could Freeze Auto Production in Canada & Mexico, Industry CEO Says

Factories in Canada could reportedly shut down as soon as next week if tariffs send prices soaring.


As things stand on Monday, Canada stands to be the first major victim of President Donald Trump's long-promised tariffs — and the automotive industry is preparing for a major change in the ways it operates as a result.

Under the new rules announced by Trump on Friday, nearly all goods imported into the U.S. from our northerly neighbors will be slapped with a 25% tariff starting on February 4. The widespread nature of cross-nation manufacturing within the industry will soon become apparent, as factories in Canada and Mexico could halt production within a week if tariffs cause the price of parts and materials to skyrocket, David Adams, CEO of Global Automakers of Canada, told Automotive News.

"It’s not something I think that manufacturers will do lightly, but they may be in a situation where the options are relatively limited," Adams said. "[Trump's] going to have a hard time listening to senators in his own party, influential congressional reps, governors, union leaders, people, Americans, who will feel the full brunt of what he tried to do to us."

[SalesServiceGuy]

... many Canadian companies, such as distributors and wholesalers, do not manufacture in Canada but import their goods from other countries. In the current surge of Canadian sentiment to not buy American, these distributors and wholesalers want their customers to know:

Not imported from the USA-1.png

[BillyCarpenter]

The USA does not buy product from Canada because we are nice, it is because the USA needs these products at these prices to be competitive in the global marketplace.

All US steel and aluminum producers output costs are higher than Canada's. Plus, their output capacity is much lower.

The US defence and ship building industries depend on lower cost Canadian goods. Sooner or later this is going to become an issue of US national security as it struggles to build enough ships to compete with China.

Additionally, Prime Minister Trudeau met this week with his European counterparts to discuss how they plan to collectively react to the Trump tariff threats.

If steel production is a national defense issue, it probably isn't a good idea to rely on other countries.

[SalesServiceGuy]

Donald Trump has stirred a wave of Canadian nationalism and pride that is rapidly changing the retail and consumer landscape. People want to buy Canadian-made products, they want to reward companies that reflect Canadian values, and they have become more inclined to punish companies they see as tied too closely to the U.S. market or political sphere. Brands would be wise to keep a close eye on this trend, clarify their origins, and adapt their messages to speak to both the head and the heart of Canadian consumers.

[BillyCarpenter]

Donald Trump has stirred a wave of Canadian nationalism and pride that is rapidly changing the retail and consumer landscape. People want to buy Canadian-made products, they want to reward companies that reflect Canadian values, and they have become more inclined to punish companies they see as tied too closely to the U.S. market or political sphere. Brands would be wise to keep a close eye on this trend, clarify their origins, and adapt their messages to speak to both the head and the heart of Canadian consumers.

Canadians should strive to buy Canadian. Nothing wrong with that. But again, Canada's main problem is exports. You don't have enough population to sustain your economy. Replacing the USA is gonna be a problem if that's your goal.

[SalesServiceGuy]

Canadians should strive to buy Canadian. Nothing wrong with that. But again, Canada's main problem is exports. You don't have enough population to sustain your economy. Replacing the USA is gonna be a problem if that's your goal.

Both Canada and the USA have developed a 90 year trading relationship that have made both countries reliant on each other for what they do best.

As the USA is no longer a reliable trading partner because of Trump tariffs, Canada is diversifying as fast as we can away from the USA. Canada now exports US oil and aluminum to Asia. Canada just attended an economic sumit with European countries. Canada is working to take down inter-provincial trade barriers.

[SalesServiceGuy]

In a recent Morning Consult opinion poll, the great majority of Americans are OK with imposing tariffs on China but not on Canada.

23% of Americans are in favour of Trump making tariffs on goods imported into the USA a top priority. This is the #2 lowest on the opinion poll list. Only annexing foreign countries is lower on the list at 16% favorable

79% of Americans view the top priority for Trump is to reduce the cost of goods and services. Tariffs will 100% have the oppsite effect.

The second highest priority for Trump should be to reduce the cost of healthcare at 74%. Recent Trump executive orders will have the exact opposite effect.