Well, I guess the news isn’t stopping here in terms of tariffs as apparently China has now planned to implement 100% tariffs against Canada on various goods such as rapeseed oil, oil cakes and peas. Plus, it says an additional 25 per cent tariff will apply to pork and aquatic products. So things are going to get interesting in terms of a budget as you will likely need to adjust your shopping habits with these changes.
I was thinking how this looked like a business move from China where implementing these tariffs now when the US has targeted Canada is like those situations of hitting people when they are weak. Sounds ruthless, but in many ways that’s what people need to do in order to get ahead in business. There were actually some people encouraging the purchase of Chinese groceries too in response to the US tariffs. But it shows you in these cases it’s all business as loyalty isn’t a guaranteed thing and nor should you ever rely on that huh?
It shows the importance of diversifying and not just relying on one partner as an example because if they suddenly go rogue you could be in a sticky situation.