Will they adjust?

Poll - Total Votes: 16

They’ll make adjustments immediately

They’ll eventually make adjustments after some economic pain

They won’t make adjustments at all and will accept US tariffs

You can only vote on one answer.

President Trump has stated the the US will apply 25% tariffs on both Canada and Mexico starting this Saturday. This is a punitive action based in the levels of drugs and people those countries allow to pass into the US illegally.

Will Canada and Mexico make adjustments or be stubborn and allow these tariffs to destroy their respective economies?

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tenente · 36-40, M

Will Canada and Mexico make adjustments or be stubborn and allow these tariffs to destroy their respective economies?

American here. 25% tariff on Canada will impact my business in NY state. Double digit percent of my clients won't tolerate the incremental cost of goods. The attrition plus the increased cost of capital mean job losses at my business. I'm drafting layoff plans starting in March. Skilled operators are difficult to find, and will take years to rehire, but I can't compete in this tariff environment

SW-User

@tenente sounds like you're ruining hard working employees life off of projection and political biased I feel sorry for the families you're destroying

tenente · 36-40, M

@SW-User It's definitely a tough situation. increase costs of import put pressure on my productivity, lowering returns. while interest rates have started to decrease, a lot of financial institutions manage a borrowing practice that is unfavorable toward "small" business such as mine. Lifelines in the shape of LoC and leveraged debit offer short term relief at the price of long term burden. Tenure at my shop is long, 5+ years avg. I pay above competitive salary to retain the best operators. But 25% tariff on these commodities is a nuclear bomb in my industry. My layoff package will include a generous severance to help them transition. And through my network I'll help my employees find work with the larger companies who have the capital to absorb additional costs and sustain a prolonged trade war. I won't sell my contracts b/c I don't trust my competitors will do a good job. I'll miss my employees, and my customers. Maybe precision manufacturing doesn't have a future in America, we will wait and see. That's the story from up state NY.