Comment on Do tarrifs affect cross border employment?
dudeami0@lemmy.dudeami.win 4 weeks ago
Tariffs: A list or system of duties imposed by a government on imported or exported goods.
You provide a service, not goods. You will be unaffected by any tariffs.
NotSteve_@lemmy.ca 4 weeks ago
I do understand that part. I guess more specifically, would an American company selling insurance in Canada get hit with tarrifs? I guess that really depends on the American and Canadian governments
actionjbone@sh.itjust.works 4 weeks ago
That actually depends on whether it is, technically, the same company. Often, an American company will have a subsidiary, a partner company, or joint venture co-owned by a local company. Especially in the insurance industry, there’s a lot of financial regulation that requires how a company operates.
NotSteve_@lemmy.ca 4 weeks ago
I’ll have to look into. It’s not a huge company and its still partially in startup mode so I’m not sure how they’d have set it up :/. I know the different markets are definitely not self sustaining companies at the very least. I think the Canadian office just manages CAD payroll and some of the legal details of operating here.