Upgrade your account to a Community Supporter account and remove most of the site ads.

Reply to thread

Message: <blockquote data-quote="haakon1" data-source="post: 9574466" data-attributes="member: 25619">To answer of the OP’s questions, tariffs are charged as good cross the border.  So, for goods that already sitting in a store or warehouse on your side of the border, no tariff.That said, any refresh of stock will be more expensive, so retailers are already raising prices and there’s a run on some goods.I just re-bought a made in Canada product from Amazon, in the US, and they raised the price 2%.  That’ll happen in general - businesses trying to figure out price sensitivity and how much to raise prices?If there’s competing US and Canadian products, like say maple syrup, the consumer price will rise for all of it.  Almost certainly not the whole 25% because of demand elasticity, but since Vermont and NY Maple Syrup producers with say 10% market share can’t increase their supply 9x to fill in for the Canadian maple syrup cartel raising prices, they’ll raise prices.  So will imitation corn syrup plus flavoring products, who will crank up production and raise their prices.For sure consumer prices are going to rise and the government is getting more money.The US producers probably will make more profit, but if they have to pay extra for Canadian imports themselves (oh no, I need another maple syrup boiler and I buy mine from Quebec, and for some reason my electric bill went up - oh wait, I think something called Hydro-Quebec provides power in the Northeast), maybe not much more profit.Canadian producers will be hit really hard.  Less sales due to higher prices to purchasers, and probably cutting how much they sell for.I thought the US & Canada had a free-trade area, but what do I know.</blockquote>

Verification