DOUBLE EDGE OF TARIFF THREATS
As a Canadian writer and blogger, I'd like to share my perspective on the recent tariff increase on Canadian exports. Imposing an extra 25% tariff on Canadian imports to the US would likely have significant repercussions, primarily affecting US manufacturers and importers. They would face increased costs for parts and imports from Canada, particularly for equipment and machinery, due to Canada's proximity and lower shipping costs . The energy sector would also be impacted, as the US relies heavily on Canadian oil imports. With the US not producing enough oil to meet its needs, Canada remains the most cost-effective option. Alternative sources, such as Mexico, are not yet developed enough to compete with Canada, and importing from other countries would incur higher shipping and handling costs. In the automotive industry, the tariff would affect US manufacturers like Ford and General Motors, which import parts from the US, assemble them in Canada, and then export the finished ve...
