President-elect Trump has said that after he is sworn into office, he will be placing tariffs on a variety of goods:
he would impose a 10% to 20% tariff on all imports, including tariffs as high as 60% to 100% for goods from China.
Capitalware Inc. is a Canadian company but we may get a double whammy of tariffs. There are a lot of USA companies in Canada, who bring all of their goods for both USA and Canada through USA ports. Hence, they will be hit with tariffs. Many Canadian companies find it is cheaper for them to have their shipments go through the USA. Hence, the tariffs will be applied regardless of the final destination!!
If Canada retaliates against Trump’s tariffs, I would be willing to bet that President-elect Trump will up the ante.
So, all of these tariffs will cause prices to raise. How high, I do not know (i.e. 25% or 50% or 100%). Life is about to get expensive for Capitalware.
Therefore, I’m sorry to say, that Capitalware will likely have to raise prices of its products. I haven’t made a decision yet, it will totally depend on President-elect Trump actions. If he follows through on his words then yes, there will be a substantial price hike. This will affect all customers, not just USA and/or Canadian customers.
Regards,
Roger Lacroix
Capitalware Inc.
