NOTLLocal received the following letter about U.S. tariffs.
The hurt on the Canadian economy from any U.S. tariffs is self-inflicted.
It's a flawed business model where a country, or business, puts all its eggs in one basket and leaves itself exposed to a single or dominant supplier. You have in effect relinquished control. For decades our federal and provincial politicians have been aware of the exposure to our U.S. trade partner and failed to develop additional and alternate sources for our offerings. Will they learn from this wakeup call? I very much doubt it.
Additionally Canada may collapse from within with our historical inter-provincial bickering e.g. wine sales, pipelines and on and on.
It's a flawed business model where a country, or business, puts all its eggs in one basket and leaves itself exposed to a single or dominant supplier. You have in effect relinquished control. For decades our federal and provincial politicians have been aware of the exposure to our U.S. trade partner and failed to develop additional and alternate sources for our offerings. Will they learn from this wakeup call? I very much doubt it.
Additionally Canada may collapse from within with our historical inter-provincial bickering e.g. wine sales, pipelines and on and on.
Locally in NOTL we have a similar flawed business model - 100 per cent tourism and wine industry related. We have all witnessed the fall of world bucket list destinations. Over-tourism killed the local cultures and economies. NOTL is on the slippery slope in their short-sighted, single-focused tourism model which will have a knock on effect on the wine industry. As a barometer, all one has to do is solicit the "For Sale" homeowners reasons for exiting the town, both long term and recent short term.
In summation, to our elected officials, I quote the Irish poet Jonathan Swift: "There are none so blind as those who will not see."
Samuel A. Young
NOTL
