I’m a Canadian working for an American company and I’m wondering how affected I’m going to be if (when) Trump goes all in on his tarrifs. My company does have a Canadian office and I believe is incorporated here as well as the USA (I’m a software dev, not a business major so idk how it works fully). Would I feel any of the effects of tarrifs, minus the cost of everything skyrocketing?
For reference, I’m remote and the office we have is on the other side of the country in Vancouver. Not sure that really adds anything to the question but felt compelled to add it
Tariffs: A list or system of duties imposed by a government on imported or exported goods.
You provide a service, not goods. You will be unaffected by any tariffs.
I do understand that part. I guess more specifically, would an American company selling insurance in Canada get hit with tarrifs? I guess that really depends on the American and Canadian governments
That actually depends on whether it is, technically, the same company. Often, an American company will have a subsidiary, a partner company, or joint venture co-owned by a local company. Especially in the insurance industry, there’s a lot of financial regulation that requires how a company operates.
Edit to add: If you’re at Allstate Canada, I believe it’s technically a different company than the U.S. one, due to how each country’s insurance rules work. I’m not sure if one owns the other, or if the Canadian one is an independent licensee of the brand.
I’ll have to look into it. It’s not a huge company and its still partially in startup mode so I’m not sure how they’d have set it up :/. I know the different markets are definitely not self sustaining companies at the very least. I think the Canadian office just manages CAD payroll and some of the legal details of operating here.
Also: definitely not Allstate. Much much smaller company that deals in cyber