This notion that tariffs will drive manufacturing and production back to the U.S. is a pipe dream, and even if it were to occur it would take a decade to build the factories, infrastructure, and supply lines.
And on top of that the counter-tariffs will make it even worse. Manufacturers would have to make their products within the US and suffer tariffs trying to sell to everyone else. That would given them ~350 million people inside the US to sell to, and literally everyone else would pay higher prices. They could never compete against that. So not only does it take a long time, stable economic conditions to invest in, but they would be restricting their market severely if they brought manufacturing onshore.
Still, the Canadian economy is heavily tied to the US. They’re going to tank their own, but it’s going to hurt us up here too.
And on top of that the counter-tariffs will make it even worse. Manufacturers would have to make their products within the US and suffer tariffs trying to sell to everyone else. That would given them ~350 million people inside the US to sell to, and literally everyone else would pay higher prices. They could never compete against that. So not only does it take a long time, stable economic conditions to invest in, but they would be restricting their market severely if they brought manufacturing onshore.
Still, the Canadian economy is heavily tied to the US. They’re going to tank their own, but it’s going to hurt us up here too.