Canadian Companies Weigh U.S. Moves Ahead of Trump's 50% Tariffs
Updated
Updated · The New York Times · Aug 12
Canadian Companies Weigh U.S. Moves Ahead of Trump's 50% Tariffs
3 articles · Updated · The New York Times · Aug 12
Summary
Aug. 19 tariffs are pushing some Canadian manufacturers to consider shifting production to the United States rather than keep exporting into their biggest market.
Northern Cable, based just 2.5 miles from the New York border, is stockpiling inventory in U.S. warehouses and says it may start hunting for an American factory if the 50% duties take effect.
Half of Northern Cable’s business comes from U.S. customers, making the planned levy on goods including electric cable a direct threat to jobs at its Brockville, Ontario, plant.
The pressure marks a sharp reversal for a company founded in 1996 to preserve cable-making in Canada after a U.S.-based owner shut a local plant and moved production out of the country.