We also can't ignore that this can and most surely will raise home and auto insurance rates as well. I work for a body shop for a VW dealer. Their popular models are assembled in Mexico and parts for them come from both North American neighbors...
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...So when insurance companies see the price of auto parts to repair vehicles they insure will rise they will adjust rates accordingly. 3M is a massive supplier of consumables for the collision repair industry and a large amount of that is produced in Canada.
Not to mention 3M supplies a lot of consumables for the medical field as well. So it's not a far fetched idea that it could affect health insurance too. And if petroleum prices go up so will the cost of paint products that are used to refinish those damaged vehicles.
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