We’ve always said that a tariff on Canada is a tax on American consumers, and that, in many ways, is playing out. So when it comes to tool, die, and mould as an example, where Windsor-Essex is the North American leader … folks who need those products that we make here really aren’t going to China. They can’t really import them any cheaper from overseas because the tariff rates there are even higher. So they’re forced just to suck it up and pay what the price is, inclusive of the tariff, and buy it from the supplier in Windsor-Essex. Therefore, the cost is higher, and that cost through the supply chain gets passed on to the consumer, which is part of the reason why you see 3.8 per cent inflation.
Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.
Related Posts
Add A Comment
