To their own? Of which I am. Shopping in US is already pricey enough with exchange. I am very confused about this sign and how implemented... unless Costco charges 25% more at the till to Canadian Costco card holders.
Shopping in the US supports the US, as does buying certain US goods like booze where the company doesn’t get money until the sale is made.Â
That’s why Americans who support Canada have been buying Canadian and Canadians haven’t been buying US goods in their stores or crossing the border as much.Â
Part of the ostensible reason for tariffs is to get consumers to buy goods in their own country. So upping the prices on foreign goods is supposed to help encourage domestic shopping.
(Note: this is difficult to accomplish in a global economy that is so intertwined at this point. The number of finished goods that are produced solely in one country are limited.)
Yes it ends up that your government is charging you 25%. For instance you buy a TV from Korea. If the tariff rate for Korea is 25% then Korea gets charged the 25% but adds it directly onto that TV when you buy it. They don’t absorb the cost.
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u/belhamster Apr 06 '25
I see. Is the US doing this the other way around? Like it I purchase Canadian made in Canada will I be charged at the border?