☕ Navigating the Tariff Storm

Hey 👋,

You’ve probably heard about the new 25% tariffs that Canada has imposed on certain products from the United States since February 4, 2025. But what does this really mean for our industry?

Direct Impact on Your Inventory

After reviewing the list of affected products, the good news is that most of the construction equipment you rent is not directly impacted by these new tariffs. However, some essential components, like tires, could be affected. This means that even if your loaders and excavators are not directly targeted, the cost of replacing tires could increase.

Stay Vigilant and Proactive

It’s crucial to stay informed and regularly check updates on the list of products. Trade policies evolve, and new items could be added. By staying alert, you can anticipate and adjust your purchasing strategy accordingly.

Optimize Your Equipment Usage

Rather than rushing to buy new equipment, consider optimizing and maintaining your existing fleet. A solid maintenance program can extend the lifespan of your machines and reduce dependence on potentially more expensive new acquisitions.

Explore Alternative Suppliers

If certain components become too costly due to tariffs, why not explore suppliers in other countries or even within Canada? This could not only help reduce costs but also strengthen relationships with local partners.

Communicate with Your Customers

Transparency is key. If you need to adjust your rental rates due to rising costs, be upfront with your clients. They will appreciate your honesty and be more likely to understand the situation.

👉 Click here to access the full list of products subject to tariffs.

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