what Canadian companies so far plan to move to the USA or open branches in the USA due to the tariffs
So far, Montreal-based TFI International Inc., a trucking and logistics firm, announced plans to shift its legal domicile to the U.S., citing its larger American shareholder base and the fact that 70% of its operations are in the U.S. However, it plans to keep its headquarters in Canada without relocating staff. Additionally, a KPMG survey found nearly half of Canadian business leaders are considering moving investments or production to the U.S., though few have acted on these plans yet[2].
Citations:
[1] Trump walks back tariffs on a range of goods from Mexico and Canada for one month https://www.nbcnews.com/politics/economics/trump-administration-floats-exemptions-tariffs-canadian-mexican-goods-rcna195110
[2] Some Canadian companies are considering relocating to the U.S. https://financialpost.com/news/economy/canadians-very-carefully-operations-us
[3] US Tariffs on Canada and Mexico Enter into Effect - White & Case LLP https://www.whitecase.com/insight-alert/us-tariffs-canada-and-mexico-enter-effect-tariff-china-rises-10-20
[4] Canada announces robust tariff package in response to unjustified U.S. tariffs https://www.canada.ca/en/department-finance/news/2025/03/canada-announces-robust-tariff-package-in-response-to-unjustified-us-tariffs.html
[5] Elbows up: How Canadians are fighting back against Trump’s tariffs https://www.cnn.com/2025/03/06/us/canada-trump-tariffs-reactions-intl-hnk/index.html
[6] Trump tariffs: US expands exemptions to Canada and Mexico tariffs https://www.bbc.com/news/articles/c5y03qleevvo
[7] Fact Sheet: President Donald J. Trump Proceeds with Tariffs on Imports from Canada and Mexico https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-proceeds-with-tariffs-on-imports-from-canada-and-mexico/
[8] List of products from the United States subject to 25 per cent tariffs ... https://www.canada.ca/en/department-finance/news/2025/03/list-of-products-from-the-united-states-subject-to-25-per-cent-tariffs-effective-march-4-2025.html
[9] Trump tariffs: U.S. pauses tariffs on some Canadian, Mexican imports until April 2 https://www.cnbc.com/2025/03/06/trump-tariffs-live-updates-businesses-warn-of-ripple-down-effects-from-tariffs-because-of-rising-costs.html