A British-based logistics company said that it was recently flooded as businesses on both sides of the Canadian American border to prepare for the expected reciprocal prices from the United States
Greg Timm of PCB Global Trade Management told Global News that the volume of calls had jumped 500% when companies wondered how their goods will be affected and what commercial options are available.
“When the new incoming president started talking about prices and how much he liked the prices, the phone started ringing,” said Timm.
“And since he became more obvious that he was serious about the prices, each importer wants to know how it affects his business and his products.”
Timm said he was working with companies to respond to their concerns and potentially help find other business partners such as free trade agreements with European nations.
He said they had to hire more people and endow them on weekends and nights to meet demand.
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“These are small businesses for large companies that say:” Is my charging tomato eligible to obtain a price? “” Added Timm.
“Are they not eligible?” These are small businesses that import engines and generators and tools for hardware stores and this kind of thing. Everyone, everyone seeks to see how it affects them and how they then adapt to them. ”
More and more American rates are expected to land on Wednesday for the so-called “Liberation Day” of US President Donald Trump.
Reciprocal prices will be added to the 25% 25% prices placed in Canada and Mexico in early March and 25% steel and aluminum prices earlier this month.
The “reciprocal” prices do not specifically call Canada or Mexico, but would apply to all American business partners with a wide range of commercial measures. These prices, as well as a price on all imports of vehicles made abroad to the United States, will come into force on Wednesday.
“The world needs the products we have and that we manufacture and maybe we have been too focused on American products only, but we think that people will start using Canada’s free trade agreements abroad,” said Timm.
“We have a very good agreement on European trade and we have a trans-Pacific partnership agreement with countries entering the Pacific Ocean, so I think we are going to start looking at this way.
“It will not happen right away, but over time, we will start to diversify.”
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