Tariffs On Canadian Exports Into The USA

That's what is trying to be figured out here. So far no answers to that question. Is buying a few coins considered "Importing goods" like buying 50 tons of rolled steel is? Or is it considered retail sales and won't be included in the tariffs?

Yes, but who is the importer. As an American, when I buy a coin over $2,500 from a Canadian auction company, they usually Fedex it to me. Sometimes U.S. Customs mistakenly thinks there is duty on such numismatic items. They hold the item and hit me up for the duty as the importer. In the end, we agree numismatic items have zero duty (until Tuesday) and they release the item.

This has happened multiple times. In such cases, they consider me the importer and the consumer.

In cases such as TVs, Best Buy might be the importer and pay the tariff, then pass it on to the consumer in the price.

Yeah, I guess the best way is just sit back and see what happens because right now it seems nobody knows.

It probably also depends on what you are buying. From prior conversations, I seem to remember that U.S. citizens in the U.S. who purchase U.S. government issued coins (not bullion) from Canada are not subject to any value-add taxes or duties.

With the shocks to all off North Americas intertwined
Economy .there are no winners in a self inflicted
trade war . With the resultant sharp decline in
GDP and what could easily be a very sharp rise
in inflation , there will be very little money for
Coins or collectibles.
Certain political leaders would do well to read up the
Smoot Hawley act of 1930 and the resultant damage
caused to the North American and world economies.
It was known as the Great Depression.

For those Canadian sellers living close to the US border, is it an option to drive to a nearby US Post office and mail the coins from there?

Must chime in as a Canadian if my guess is right another 25% is added to an American auctions this would equate to a 100% of winning bid, almost impossible for a Canadian to buy at US auctions, just a nonlogical trade war

Pertinax, I think the counter-argument to be made is that if the tariff reduces demand for imported goods, and that causes the dollar to retreat a little in value, that is good for the U.S. economy. It will increase demand for domestic products, and in turn increase employment and put upwards pressure on wages. Also, it will make U.S. exports cheaper to countries where no trade barriers exist, or where they haven't changed. The European Union effectively did this when they eliminated trade barriers internally, but maintained exterior tariffs and taxes, and it worked out pretty well for them.

I do agree with the investment advisor that you want to carefully evaluate owning stocks priced in a foreign currency in a country where this happens, due to currency value shifts. On the other hand, if that country experiences a boost in small and medium businesses, it might be an overall gain. And let's be honest, the biggest U.S. companies comprise most of the global titans, and draw their revenue stream from multiple continents. Their value might not shift as much as you would think.

Overall, I think all the hand-wringing over the tariffs is misplaced. This is a political pressure tactic to stop specific bad behaviors from our international trading partners. The sanctions leveled against China are probably going to be long-term, because the IP theft and currency manipulation is not going to get solved overnight. The tariffs against Canada and Mexico are probably going to get resolved in less than a year, because the specific complaints are easier to resolve, and I believe that neither side particularly wants the tariffs to remain in place.

For coin collectors and coin shops specifically, we don't even know if this action affects coins yet.