In case you are cheap like me and cut cable a long time ago, the CBC Gem app is carrying CBCNN live for free while they wait for Trump to do whatever it is he is going to do.
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It’s standard practice in long term supply contracts internationally.
Newspapers and other publishers don’t want their base costs to vary so they lock in a fixed long term price and then use long term foreign currency hedge tools to avoid that risk.
At one point, most of the major paper mills were contracted to one major US newspaper or another. Print media overall has declined severely but the fact that they’ve survived so long indicates they have secured contracts for a significant part of their business.
In this case, the buyer will take the hit because they are required to buy a fixed amount at a fixed price. The tariffs will be on top of that unless there was some specific provision for a tariff in violation of the CUSMA which would be unlikely.
wrote last edited by [email protected]@AlsoPaisleyCat that sounds reasonable. I really don’t know! I am just thinking the Malaysian billionaires who own the mill will just use it as an excuse to move production to their own (non tariffed) location.
