Wrong! The importer will try to find cheaper goods elsewhere and not buy Canadian products. Canadian companies must quickly drop prices or lose customers.
The exporter does not pay the 25%. The importer/buyer does. Which is why you need a commerical invoice for clearance... invoice as in bill of SALE. When you order something from ebay and need to pay customs.... the exporter did not pay the customs YOU did... the importer.
Canada could export $1 trillion in natural gas to Europe annually if they would build a pipeline to their east coast but they are too worried about the damage a pipeline would do to the Koala habitat or something like that.
The cost of shipping I believe is making exports with Europe prohibitive, but a greater trade partnership with South American countries would definitively help. That being said, we have energy that can be used to counter the Bully Trump, hydroelectric, oil, other products such as wood, car parts and other higher educated product goods could laso support this effort.
Correct. But the Canadian businesses are too lazy to develop business channels in countries other than Uncle Sam. This is the consequence Canada must take if Canada puts all the eggs in one basket.
You're partially correct. It's a simple "pass the cost to the customer". While it's true the imported goods are gonna be higher cost the the final step no one ever talks about is "the person doesn't have to buy it. They can move on to the next item". And this will cause shake up but it a way that helps americans overall. AND new generations of americans don't spend money on themselves. So Instead of americans paying for the goods of the world at the cost of our income tax, we can actually benefit from other countries picking up the tab.
Idea is not crazy it's just not feasible due to Fixed Costs and Export Costs. Dealing with Trade in America 10x easier then working with other Countries for a variety of reasons. (languages, logistics, familiarity)
@@mrdrumsticks1257Canada exporters will pay not necessarily nobody will absorb 25% tariffs rhwy will either cut rhe quality of the peoduct or pass the price to the importers that will be paid by the end user always.
@mrdrumsticks1257 tariffs are not paid by the exporter, they are paid by the importer. How is this not better known? We learned about this in grade school.
I would find someone else to get you the right information. I worked for an importer for 20 years. The importer NOT THE EXPORTER pays the tariffs so American importers has to pay for Canadian goods not Canadian exporter.
My humble opinion, Trump is looking for retribution from countries who have diminished him in the past and doesn't care if it causes prices go up for Americans 😢😢
Lower the price of Canadian oil and gas for Canadians. If fuel went from $1.40 per litre to .90 cents per litre, there would be an increase in spending immediately.
The exporter is hurt through reduced sales. The importer might not pay the tariff. If Canadian apples go from $1 to $1.25 because of tariffs, the New Zealand apples selling at $1.15 suddenly look much better. The price for the consumer went up 15%, but the previous seller lost all their revenue. Which sucks, cuz they're in debt.
Are there things that USA needs - maybe all the stuff they exempt from the 25% tariff - maybe oil, uranium, nickel, certain rare minerals - that Canada🍁 can apply a 25% export tax onto.
Dudes whats with the personal trump hate? Canada has a weak uncompetitive economy. 95% of canadas economic success is simply living beside the best economy. Canada is a leech living from the usa.
The exporter don't pay the tariff! The importer does! The manufacturer and the exporter will add that cost to the sales price! The car industry will suffer and the price of cars will go through the roof!
If you shift your consumption (especially from their value-add products), the Canadian economy will suffer less. The easiest ones are things like Netflix or Amazon Prime. But their prepared foods are also pretty easy to identify. Delaying the next phone upgrade (or choosing Samsung, Nokia, etc.) is a reasonable hit. Ideally you shift consumption to someone local OR pay down debts OR add to savings. Hard to figure out which.
The exporter is hurt through reduced sales. The importer might not pay the tariff. If Canadian apples go from $1 to $1.25 because of tariffs, the New Zealand apples selling at $1.15 suddenly look much better. The price for the consumer went up 15%, but the previous seller lost all their revenue. Which sucks, cuz they're in debt.
Canada might need this tariff, so we can bring back national production and inter-provincial trade more. We keep sending our natural products to America, but we get their goods with less quality and guns.
This may be a silly question but why doesn’t Canada make more of our own products. We had trump before and we didn’t learn now we are here again take pride in Canadian built products
@@malekiththeeternityking5433I already do and I own a Canadian company that employs Canadians. I fully support this country and have changed my own procurement accordingly
I understood the tariffs will fall to the importer (American company buying) how is he saying now that it is paid by the exporter (Canadian company). So hard to understand!
Only problem is because of proximity our cost of mutual trade is quite low compared to shipping it all over the globe. (Also huge carbon footprint for sea shipping ... truly, actually a really big polluter... but its not on sovereign land to point fingers at so who cares right ? )
@@Pho-KingSoupTonechasr if Canada's set on reducing carbon footprint, changing to mass sea shipping of our domestic product is a huge step in wrong direction.
If the importer county has the same products producers, tariff helps the importer country; if not, tariff only makes inflation up and hurt importer country itself.
They are taking this way out of context. He said, "If they do not get their borders under control, I will punish them with a 25% tarrif on all exports." Why are we immediately moving to the failed option and discussing it as opposed to talking about border policies....?
Tariff increases cost on products. factory has to make profits. even if exporter pays tariff, it is has to be an extra cost the buyer (importer) must take to bear.
This is what happens when you get comfortable and eat off the hand that always feeds you. Canada smh when will you ever grow legs and walk in your own. 2/3 of gdp is dependent on America . Game over 🤣🤣
Trump wants to declare war on Canada then let's respond in kind... time to rally around leader and ready ourselves for whatever comes... no blinking, no negotiation. We have a trade agreement and if Trump breaks it let him pick up the pieces.
lol ask mary barra and jim farley what they think of this idea. domestic auto is on life support and this will just bury it. these are costs that the importer will need to eat. i think the idea is that all will suffer but USA will suffer less, and i suspect that in the case of auto production the americans will bear the brunt of it almost completely.
Can the Americans not get a real assassin like Oswald? What is with the two useless jerks this past year... work on this, much attention is needed in this regard.
This guy is wrong on most of what he is saying such as the importer USA pays the 25% NOT CANADA
Wrong! The importer will try to find cheaper goods elsewhere and not buy Canadian products. Canadian companies must quickly drop prices or lose customers.
The exporter does not pay the 25%. The importer/buyer does. Which is why you need a commerical invoice for clearance... invoice as in bill of SALE.
When you order something from ebay and need to pay customs.... the exporter did not pay the customs YOU did... the importer.
You are exactly right!! Can't believe the so called expert made that mistake.
OR YOU CAN BUY SOMETHING CHEAPER
THAT DOESN'T HAVE A TARIFF ON IT!!
You’re 100% correct. It’s the importer not the exporter that pays the tariffs. It’s shocking that he’s confused about that.
@tysnaith2043 "and Mexico will pay for the wall" 2.0 LOL.
Yes this is why a country will normally impose tariffs on exported goods not imported.
Could Canada sell their goods elsewhere? Europe could use that oil.
Canada could export $1 trillion in natural gas to Europe annually if they would build a pipeline to their east coast but they are too worried about the damage a pipeline would do to the Koala habitat or something like that.
The cost of shipping I believe is making exports with Europe prohibitive, but a greater trade partnership with South American countries would definitively help. That being said, we have energy that can be used to counter the Bully Trump, hydroelectric, oil, other products such as wood, car parts and other higher educated product goods could laso support this effort.
If Russia returns to normality it will make Canada imports of gas too expensive.
Correct. But the Canadian businesses are too lazy to develop business channels in countries other than Uncle Sam. This is the consequence Canada must take if Canada puts all the eggs in one basket.
@@sxz62
Diefenbaker 😡
i believe importers pay tariffs NOT exporters...
You think you know more than these experts ?
@@JamesSmithTexas we got another "trust the experts" guy here....
@@JamesSmithTexas it’s the it’s the importer he probably didn’t realize he said the exporter
Means they wont buy our inflated commodities and will go elsewhere, and basically canadas already weak economy will suffer heavily.
You're partially correct. It's a simple "pass the cost to the customer". While it's true the imported goods are gonna be higher cost the the final step no one ever talks about is "the person doesn't have to buy it. They can move on to the next item". And this will cause shake up but it a way that helps americans overall. AND new generations of americans don't spend money on themselves. So Instead of americans paying for the goods of the world at the cost of our income tax, we can actually benefit from other countries picking up the tab.
Crazy idea…let’s try exporting our commodities to countries other than America…stay with me here…at market rates
💯
That would be cool. It would probably be pretty rough... but hey, I'm all for standing up to the world's economic bully.
Idea is not crazy it's just not feasible due to Fixed Costs and Export Costs. Dealing with Trade in America 10x easier then working with other Countries for a variety of reasons. (languages, logistics, familiarity)
That would work in theory until some other country cut-throats you with a lower price due to different laws, rules, and cheap labor. Just a thought.
在做梦吗？难道你们忘记了对世界第二大市场的中国做了些什么吗？😂😂😂
Boycott American products! Buy Canadian where you can. Support your local markets!
Please report this video for "misinformation". Tariffs work in exactly the opposite way that the guest described. This is atrocious "journalism".
This was a gust on the show speaking, not the presenter that made the mistake.
@@mrdrumsticks1257 Exporters DO NOT pay the tariff. Don't know how he got wrong and was not corrected. Disinformation.
@@mrdrumsticks1257Canada exporters will pay not necessarily nobody will absorb 25% tariffs rhwy will either cut rhe quality of the peoduct or pass the price to the importers that will be paid by the end user always.
@mrdrumsticks1257 tariffs are not paid by the exporter, they are paid by the importer. How is this not better known? We learned about this in grade school.
@@Interitus1 the journalist is shameful for not correcting the guest or, even worse, maybe not knowing the facts about tariffs herself.
Americans will find the cost of living extemely high after this unforced error.
No, they won’t!
other countries will replace canadian goods, where tarrifs are low and labour cheap, unless it is a monopoly segment for canada
I would find someone else to get you the right information. I worked for an importer for 20 years. The importer NOT THE EXPORTER pays the tariffs so American importers has to pay for Canadian goods not Canadian exporter.
The importer pays the tariff not the exporter.
The exporter suffers a drop in demand as their product is more expensive for the importing consumer.
@@geocam2not really. It depends on the exchange rate.
My humble opinion, Trump is looking for retribution from countries who have diminished him in the past and doesn't care if it causes prices go up for Americans 😢😢
Lower the price of Canadian oil and gas for Canadians. If fuel went from $1.40 per litre to .90 cents per litre, there would be an increase in spending immediately.
The importer pays tariffs.
doens't mean that the increaese in price won't reduce demand. Tariffs are a lose = lose situation.
Doesn’t really matter who pays it. Ultimately, the cost is going to be passed to the consumer.
And the importer suffers a drop in demand because their product is more expensive to the consumers in the country with the tariffs.
The exporter is hurt through reduced sales. The importer might not pay the tariff. If Canadian apples go from $1 to $1.25 because of tariffs, the New Zealand apples selling at $1.15 suddenly look much better. The price for the consumer went up 15%, but the previous seller lost all their revenue. Which sucks, cuz they're in debt.
and he pass on the cost to Canadian consumers
Are there things that USA needs - maybe all the stuff they exempt from the 25% tariff - maybe oil, uranium, nickel, certain rare minerals - that Canada🍁 can apply a 25% export tax onto.
The exporter pays?
The fact that everyone is panicking is exactly what Trump wants. He’s a narcissist. Ignoring him is the best strategy.
Nobody is gonna buy our inflated prices on the world stage. Canada is not competitive and we cant make goods cheaper.
standing up to him is usually the language bullies understand, just like in the schol yrad, I know simple but he is simple minded
Dudes whats with the personal trump hate? Canada has a weak uncompetitive economy. 95% of canadas economic success is simply living beside the best economy. Canada is a leech living from the usa.
Can't quite ignore. There's a need to build resilience against his damage.
really.where did you find this guy.Trump has no idea of what he wants other than someone to hate.
Yawn
Trump wants secure borders! What planet are you on?
TDS never ends.
The exporter don't pay the tariff! The importer does! The manufacturer and the exporter will add that cost to the sales price! The car industry will suffer and the price of cars will go through the roof!
Boycott american made products
Like what? Haha
If you shift your consumption (especially from their value-add products), the Canadian economy will suffer less. The easiest ones are things like Netflix or Amazon Prime. But their prepared foods are also pretty easy to identify. Delaying the next phone upgrade (or choosing Samsung, Nokia, etc.) is a reasonable hit.
Ideally you shift consumption to someone local OR pay down debts OR add to savings. Hard to figure out which.
U need medication
@@qjsharing2408 What about Google. Samsung uses Google Android. Also, stop using UA-cam, Gmail, Facebook.And stop watching American movies.
Practice what you preach....why are you on UA-cam🤔
Obviously your so called expert has no clue who pays tariffs, typical Canadian
He misspoke... relax lol
the expert is an american
Trump's all hot air and no action. He will never implement the 25% tariffs.
Canada needs Trump...when he puts tariffs on Canada will be forced to move away from an export of resources to a knowledge economy.
Importers pay the tariff, the one who brings in stuff pay the tax across the boarder. this guy is definitely wrong.
The exporter is hurt through reduced sales. The importer might not pay the tariff. If Canadian apples go from $1 to $1.25 because of tariffs, the New Zealand apples selling at $1.15 suddenly look much better. The price for the consumer went up 15%, but the previous seller lost all their revenue. Which sucks, cuz they're in debt.
Canada might need this tariff, so we can bring back national production and inter-provincial trade more. We keep sending our natural products to America, but we get their goods with less quality and guns.
How about Trudeau secures our border! Problem solved!
has nothing to do with tariffs.
@@Don_ECHOguyDid you JUST crawl out from under a rock?!?
Said the Ruzzian troll😂
@@Don_ECHOguy Investigate before typing.
To many Americans just didn't vote. Now everyone is going to pay the price. I don't see a bright side to having him as our president.
This guy is not telling the truth! Importers pay the tariff!
Time to think about exporting our goods elsewhere. Not easy but we should start.
The exporting country does NOT pay the tarifs. Why are you platforming idiots?
This may be a silly question but why doesn’t Canada make more of our own products. We had trump before and we didn’t learn now we are here again take pride in Canadian built products
Yes, if the price of Canada products goes up, Americans will buy themselves instead
The debate is over. America 1st.
Just make it equal to what they charge for our exports
Since when does the exporter pay the tarriff?
He literally said we have major issues with fentanyl are you listening
Cue trump supporting Russian trolls whining about Trudeau while they ignore the coming storm from the south.
But but but Trudeau is a diktatur derp
How about you invest in Canadian companies instead of cringey American stuff.
Oh wait Trudeau killed nearly all Canadian small businesses
@@malekiththeeternityking5433I already do and I own a Canadian company that employs Canadians. I fully support this country and have changed my own procurement accordingly
@@fortytwo244Right? Seema that all we see on Canadian News sites now and most have probably never been to Canada
@@Pho-KingSoupTonechasr Mhm Canadians or "Work Visa" Canadians
The biggest industry in Canada is the real estate market
trudeu gotta impose the same tariffs too
Secure the border like it should be lol. No more illegal immigrants.
That is not how reade works
I understood the tariffs will fall to the importer (American company buying) how is he saying now that it is paid by the exporter (Canadian company). So hard to understand!
The average American working person is poor. Who care what something cost if you cannot afford to buy it.
REASON YOU WOULD VOTE FOR THUMP RIGHT?
Depression.. 40 to 60% duties/tariffs.. that was worse than this.
As a country we need to start looking for other trade agreements so all our eggs aren't in the American basket. CANZUK deserves more attention.
Only problem is because of proximity our cost of mutual trade is quite low compared to shipping it all over the globe. (Also huge carbon footprint for sea shipping ... truly, actually a really big polluter... but its not on sovereign land to point fingers at so who cares right ? )
@audio323 True yet not unsurmountable or different from other countries.
@@Pho-KingSoupTonechasr if Canada's set on reducing carbon footprint, changing to mass sea shipping of our domestic product is a huge step in wrong direction.
Who wants to deal with a scofflaw country?
With the NATO agreement we need to strengthen our defence. We are in a world at war.
If the importer county has the same products producers, tariff helps the importer country; if not, tariff only makes inflation up and hurt importer country itself.
Shelteracism NYC 😢
They are taking this way out of context.
He said, "If they do not get their borders under control, I will punish them with a 25% tarrif on all exports."
Why are we immediately moving to the failed option and discussing it as opposed to talking about border policies....?
Tariff increases cost on products. factory has to make profits. even if exporter pays tariff, it is has to be an extra cost the buyer (importer) must take to bear.
I can't remember buying anything from Canada ever.
It's business nothing personal , I think that we negotiating with Trump about the 25% tariif on Canadian and reduce it to 12% .
Embarrassing misinformation.
like your post
This is what happens when you get comfortable and eat off the hand that always feeds you. Canada smh when will you ever grow legs and walk in your own. 2/3 of gdp is dependent on America . Game over 🤣🤣
I caught that too. TV nerves? 😂
Trump wants to declare war on Canada then let's respond in kind... time to rally around leader and ready ourselves for whatever comes... no blinking, no negotiation. We have a trade agreement and if Trump breaks it let him pick up the pieces.
Unbelievable how stupid trump really is!
Is the Evergreen still in business.
Every one is a expert on tarrif look,s like .who would have ever thought it .
This is how you create new jobs in the USA
Will this effect my Canadian Dream?
Yay, Trudeau will finally get to raise gas over 2$/l !
Thank you for a thoughtful conversation on the potential impacts to Canada IF the Trump administration enacts 25% tariffs.
Geezzz you guys can't even spell tariff's properly..... quality is really going down
Shut up! This guy is living in a cave!
lol ask mary barra and jim farley what they think of this idea. domestic auto is on life support and this will just bury it. these are costs that the importer will need to eat. i think the idea is that all will suffer but USA will suffer less, and i suspect that in the case of auto production the americans will bear the brunt of it almost completely.
Trump tax
another stupid trump idea
Thanks americans for electing a clueless toxic reality TV host as president (again). Enjoy your prices on everything going up
American allies🤣🤣🤣🤣🤣
Looks like Canadian have a new subject to talk about except “ weather “
The TDS here! 😂
Dictator on day one
Slim forgot about NAFTA!
We have total control of your defense… you can’t win on economics Canada. You are OUR client state.
You probably couldn't point in the general direction of Canada.
Enjoy your 25% tariffs. Canada will have to export to other markets.
ruski troll
Lol all these excuses just fix the boarder
Can the Americans not get a real assassin like Oswald? What is with the two useless jerks this past year... work on this, much attention is needed in this regard.
We don't have friends anymore.
Might makes right is BACK!
heres an idea lets charge americans 3x the amount for fresh water
THIRD TIMES THE CHARM
Like three bankrupt casinos, or three wives
We need to get rid of the corrupt fruitcakes and get PP in control 🇨🇦
Hahahahaha trump supporters will love this