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I was reading another thread about someone's friends being concerned about their company moving to the USA and it made me wonder, is there a lot of concern locally about this at the moment?
1) I was talking with a Canadian supplier of mine who is concerned. If there's a tariff then his USA competition can get more for their product citing production capacities. They can then use that revenue to build capacity and take all of the business currently being produced in Canada. Tariff's worked as expected. I have discussed adding value to the product in the USA if required to stay competitive, again tariffs work in this scenario.
2) There is a 25% "Article of China" tariff in the USA that's been in place 6 years now that I've paid MANY times. It has survived two administrations now and is just the new normal for Chinese imported products. Of course it's passed to the end users, people who think the vendors are "paying these" are ignorant. It is HS Code 9903.88.01.
What makes it different when applied to Canada vs China is that Canada has similar enough regulations and cost of living to USA (I know they vary region to region as well, but please ignore the blanket statement) which made their pricing already competitive whereas 25% tacked on to cheap still equals cheap. Canadian exporters to the USA don't survive a chance if there are reasonable options who have capacity.
I'm in the USA now and always looking for opportunity so let's see I guess, but I don't want to see Canadians suffering it's hard enough FFS!
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