cross-posted from: https://lemmy.zip/post/33238139
President Donald Trump says 25% tariffs on imports from Mexico and Canada will start Tuesday, sparking renewed fears of a North American trade war.
Archived version: https://archive.is/20250303202704/https://apnews.com/article/trump-tariffs-mexico-canada-b19e004dddb579c373b247037e04424b
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
I work for a company that has a lot of trade with both countries. Owners are already talking about the possibility of needing to raise prices to account for the tariffs. The plan appears to be to try to hold the line, but this well to do but family owned business can only hold that line for so long.
Keep prices the same but add a blanket 25% fee on any bill/invoice with a name like “Trump government fee”.
If large corpos can do it for legitimate taxes they themselves should pay, there’s no reason companies can’t do the same for these tariffs.
This is the way
Hell there are businesses already building a local stockpile of raw materials and part; been doing this for MONTHS. Other’s not accepting long-term contracts that might bankrupt them if they are caught having to fulfill them post-tariff.
This all adds to the cost of doing business even if the tariffs never happen. Guess who pays since most everyone has to do it (read: there’s no competition when all the players pay the vig!)