Canadian firms shift production to America to avoid 25 percent Import Tariff
Trump’s proving he’s got the winning hand once more, and it’s paying off big for America. Canadian businesses are eyeing a move south to dodge those hefty 25 percent tariffs he slapped on, and it’s all about bringing manufacturing back where it belongs. CTV News Canada’s spilling the beans—companies up north, from all sorts of trades, are packing up, looking at states like Ohio and Texas to set up shop. Trump’s tariffs are doing exactly what he said—making America the place to build again.
As we said some time ago, Trudeau should have sought Canada's inclusion within a continental tariff wall. This is what US Treasury Secretary, Scott Bessent, has also said. As it is, beginning tomorrow, March 4th, Canadian exports to the US, by far Canada's largest export market, will be subject to a 25% tax. That's a tax collected by the US Government. As a consequence, Canadian manufacturing companies dependent on the US market will have to either accept a large loss of income or sales, move to the US, or quite possibly go broke. Many will surely move to the US, as have many before them, for example, Boeing whose founders, the Boeing brothers, moved to Seattle in 1916. Or currently, Brookfield Asset Management, and in the near future, TFI, Canada's largest trucking company.
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