I suspect Canadian companies will start to delay paying US invoices now. I work in IT. Not sure if MSFT, Google and AWS will extend terms. We can't get off them in the short term.
This delays Cisco purchases we were going to make.
This is insane. Think what ever you want about Trudeau but he has been calling Trump trying to have a conversation about the tariffs since Inaguration. Trump has not taken his calls from the US's closest ally. That is f'ed up.
https://www.elorafergustoday.com/local-news/tariffs-would-bring-auto-industry-to-its-knees-linamar-ceo-10141899
Also RAV4 and CRV are built in Ontario and exported to USA. We will see if those plants will be idled in the coming weeks.
Stellantis exports lots of vehicles to the USA. They have been having severe structural problems in North America. I would be shocked if they survive long term.