The Tariff Thread

[Winsor_Pilates]

Originally Posted by FlamesAddiction

Ragarding Tim Horton's being Canadian or American, does it really matter? It seems like it where they actually source there their products from should be more important.

FWIW, Tim Horton's was "repatriated" back into Canada at a corporate level as it is owned by the Toronto based Restaurant Brands Inc. (RBI), although 3G, a Brazilian company owns a large stake in it as well. The same corporation that also now owns Burger King and Popeye's Chicken. So if Tim Horton's is Canadian, are those two also considered Canadian? Ultimately, they are all owned by shareholders and I bet most of them are American anyway. But then again, I don't think it matters.

If a company is American owned, but is dedicated to using Canadian sourced products, I would support it over a Canadian company that uses American products. But that is where it gets tricky, because how do you even find out that information?

Part of it is where the products come from.
But part is just messaging to large companies who can maybe have some influence.
If Amazon/Walmart/Costco etc see real impact in their Canadian markets, it's worth the strategy just to hammer home how stupid the tarrifs are for all.
Their voices are much stronger than ours, though Trump still wouldn't listen.

[tony-soprano]

Trump hasn’t doubled tariffs in response to Canada’s retaliation yet, but he has a call scheduled with Trudeau tomorrow morning; after previously ignoring him. Is he backpedaling now?

[FlameyMcFlameFace]

Originally Posted by tony-soprano

Trump hasn’t doubled tariffs in response to Canada’s retaliation yet, but he has a call scheduled with Trudeau tomorrow morning; after previously ignoring him. Is he backpedaling now?

Didn't even know they had a planned call tomorrow?

[tony-soprano]

Originally Posted by FlameyMcFlameFace

Didn't even know they had a planned call tomorrow?

7:39 p.m. EST: Trump to speak to Trudeau Monday: Reuters
U.S. President Donald Trump will speak with Prime Minister Justin Trudeau on Monday morning, Reuters reports.

Trump told reporters he will also speak with Mexico on Monday after President Claudia Sheinbaum said she will announce countermeasures on the same day.

https://www.bnnbloomberg.ca/business...in-says-trump/

[Slava]

Originally Posted by fotze2

So I work for a very American company that owns only Canadian assets. As I get angrier I ponder. Trumpy previously Energy guys are actually not happy with this at all.

What other potential things (even ridiculous) could happen.
- Sieze assets of American owned enterprises?
- Prevent cash being moved? Previous company has a Russian partner and were not alllowed to move cash there and had to be hold cash in trust.
- force additional visa requirements for citizens, like if you were North Korean for just visiting.
- tax 100% American held property in Canada?
- stop CRA IRS cooperation. I know our banks give info to the US. Why I took my wife’s name off all our bank accounts.

Just pondering

This illustrates the issue with the tariffs overall. Countries want access to the largest economy in the world, so while we can complain and think it’s unfair, but at the end of the day that access is so critical.

I say this because the US has a law called FATCA. It requires that foreign banks and financials hand over information about US citizens abroad to the IRS. Failure to do so means no access to the US markets, and that’s crushing. So, everyone signed on and all that information gets sent to them.

Originally Posted by tony-soprano

Trump hasn’t doubled tariffs in response to Canada’s retaliation yet, but he has a call scheduled with Trudeau tomorrow morning; after previously ignoring him. Is he backpedaling now?

[bob-loblaw]

Originally Posted by chummer

I think Canuck's fans will let er rip when they play Detroit tonight.

Wonder if a few Seattle fans will boo our anthem?

I think our anthem will get more applause than before. A lot of Canadians will be in attendance and the PNW knows we didn't ask for this.

[butterfly]

Originally Posted by FlamesAddiction

Ragarding Tim Horton's being Canadian or American, does it really matter? It seems like it where they actually source there their products from should be more important.

FWIW, Tim Horton's was "repatriated" back into Canada at a corporate level as it is owned by the Toronto based Restaurant Brands Inc. (RBI), although 3G, a Brazilian company owns a large stake in it as well. The same corporation that also now owns Burger King and Popeye's Chicken. So if Tim Horton's is Canadian, are those two also considered Canadian? Ultimately, they are all owned by shareholders and I bet most of them are American anyway. But then again, I don't think it matters.

If a company is American owned, but is dedicated to using Canadian sourced products, I would support it over a Canadian company that uses American products. But that is where it gets tricky, because how do you even find out that information?

Where does this end? What if the owner of the Canadian company that uses Canadian products is a Trump supporter? Or their boyfriend? Or their parents? Or the chef in the kitchen? Or the plumber or electrician they use? Or your server? Flight attendant?

Live your life.

[calgarygeologist]

Originally Posted by FlamesAddiction

Ragarding Tim Horton's being Canadian or American, does it really matter? It seems like it where they actually source there their products from should be more important.

FWIW, Tim Horton's was "repatriated" back into Canada at a corporate level as it is owned by the Toronto based Restaurant Brands Inc. (RBI), although 3G, a Brazilian company owns a large stake in it as well. The same corporation that also now owns Burger King and Popeye's Chicken. So if Tim Horton's is Canadian, are those two also considered Canadian? Ultimately, they are all owned by shareholders and I bet most of them are American anyway. But then again, I don't think it matters.

If a company is American owned, but is dedicated to using Canadian sourced products, I would support it over a Canadian company that uses American products. But that is where it gets tricky, because how do you even find out that information?

I find it gets even more tricky with some restaurants like Tim's because the stores are franchises and the people that own the stores are mostly local people from your neighborhood. Yes, they pay royalties back to head office but a bunch of the money stays in the local community and wages to go local people (TFW or not.)

[GranteedEV]

Originally Posted by butterfly

Where does this end? What if the owner of the Canadian company that uses Canadian products is a Trump supporter? Or their boyfriend? Or their parents? Or the chef in the kitchen? Or the plumber or electrician they use? Or your server? Flight attendant?

Live your life.

Is your money going back to the USA or is it circulating back into Canada?

It's essentially that simple, it's not about politics

[butterfly]

Originally Posted by GranteedEV

Is your money going back to the USA or is it circulating back into Canada?

It's essentially that simple, it's not about politics

Better make sure that no one has a retirement account? Or a ski trip to Sun Valley scheduled?

[Sylvanfan]

I don't really care where it's made. I must try this Green Beaver toothpaste.

[CorsiHockeyLeague]

Originally Posted by butterfly

Better make sure that no one has a retirement account? Or a ski trip to Sun Valley scheduled?

First, who the hell is booking a trip to Sun Valley of all places?

Second, yes, cancel that trip and ski here.

[Mr.Coffee]

Originally Posted by tony-soprano

Trump hasn’t doubled tariffs in response to Canada’s retaliation yet, but he has a call scheduled with Trudeau tomorrow morning; after previously ignoring him. Is he backpedaling now?

I doubt he’s backpedaling this quick. But hopefully he provides more clarity as to what he’s actually looking for because this much economic damage because of 40lbs fentanyl seems wildly disproportionate.

[edslunch]

Originally Posted by FlamesAddiction

Ragarding Tim Horton's being Canadian or American, does it really matter? It seems like it where they actually source there their products from should be more important.

FWIW, Tim Horton's was "repatriated" back into Canada at a corporate level as it is owned by the Toronto based Restaurant Brands Inc. (RBI), although 3G, a Brazilian company owns a large stake in it as well. The same corporation that also now owns Burger King and Popeye's Chicken. So if Tim Horton's is Canadian, are those two also considered Canadian? Ultimately, they are all owned by shareholders and I bet most of them are American anyway. But then again, I don't think it matters.

If a company is American owned, but is dedicated to using Canadian sourced products, I would support it over a Canadian company that uses American products. But that is where it gets tricky, because how do you even find out that information?

I’m taking the position that a company with physical business in Canada that employs Canadians is good for our economy, even if profits flow back to the US. But I won’t buy American products they sell, and if they only sell American products then I won’t shop there.

Amazon technically fits my criteria but I already don’t support them due to there business practices and I won’t start now.

[edslunch]

Originally Posted by calgarygeologist

One thing I was hoping we would have seen over the last 20 years is more investment in hydroponic agriculture up here. It isn't cheap but we have lots of available land and cheap energy so we should be able to build out some massive greenhouses for domestic production. I don't expect these tariffs to kick that off but I would be pleasantly surprised.

I was thinking the same. I checked my fridge today and I have lettuce, peppers, eggplant, cucumber, and mushrooms all Canadian-grown, mostly in Alberta. Tomatoes too, if I ate them.

[Rhett44]

I'm actually shocked at the amount of non action from Americans who are on our side. They do know this is going to badly affect their economy too, right?

I see so many people posting online that they are outraged at what Trump is doing. But I have not heard of any protests in the US? I guess the Tariffs haven't actually hit, and Trump is the evil one. But I guess I find it a bit weird that the other side of the country is just going to idly stand by and accept a dictator destroying their nation.

[edslunch]

Originally Posted by GranteedEV

I just want to say Harveys makes good hamburgers

A&W is Canadian-owned, not connected to the US brand.

[butterfly]

Originally Posted by CorsiHockeyLeague

First, who the hell is booking a trip to Sun Valley of all places?

Second, yes, cancel that trip and ski here.

I don’t know? It’s cool there. Canadian Rockies are awesome. So are Park City,
Breckenridge, Aspen, Vail, Tetons.

Are you going to litmus test people about it?

Should you sell all your USD and buy something else?

Are you socially permitted to have holdings in US securities or treasurys or is that grounds for not doing business with someone? Bananas.

[powderjunkie]

Originally Posted by Rhett44

I'm actually shocked at the amount of non action from Americans who are on our side. They do know this is going to badly affect their economy too, right?

I see so many people posting online that they are outraged at what Trump is doing. But I have not heard of any protests in the US? I guess the Tariffs haven't actually hit, and Trump is the evil one. But I guess I find it a bit weird that the other side of the country is just going to idly stand by and accept a dictator destroying their nation.

Most of us live in Alberta and face similar idiocy from the UCP bozos. There's only so much you can do. Most action is futile until election day...at least some of it might be cathartic I guess.

[bluejays]

I said this before, but I truly think he's trying to play to his audience that he's doing something for his country. Trump has backpedaled on the tick tok thing fast, so he's capable of it. But I watched a youtube video earlier today which talked about his stauch believe in tariffs in general, and that makes me a little weary that he may be in this for the longer haul than just a few days. In any case, I truly think he's using this as a negotiating tactic to get favourable terms when he does want to bargain (I said bargain, not negotiate). He's a shrewd business man. I have no doubt that one of his cronies are shorting or going long behind the scenes on whatever he has planned and they're all laughing to the bank somehow. To hold a country hostage without much warning is mean spirited. I'm not an economist in any way, but I really hope there's pressure on him immediately so his country is negatively impacted. He really does help the big guy, so look to the Musks of the world for who he'd be helping in all this.