US Edition‘A grim picture’: Truckers say tariffs would prompt industry layoffs, shutdowns
- Truckers warn that proposed 25 percent tariffs by U.S. President Donald Trump would severely impact their industry and cross-border trade with Canada, leading to potential layoffs and shutdowns.
- The tariffs, delayed for at least 30 days, could create the largest trade shock for Canada in nearly a century, according to RBC Economics.
- The Canadian Trucking Alliance states that if tariffs remain for a long time, it could be the 'final nail in the coffin' for many trucking fleets.
- The trucking industry is facing increased competition and declining prices, which could further harm profit margins for truckers, as noted by Joseph Khoueiry from Fabreville Inc.
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‘A grim picture’: Truckers say tariffs would prompt industry layoffs, shutdowns
MONTREAL — Truckers say the across-the-board 25 per cent tariffs threatened by U.S. President Donald Trump would wreak havoc on their industry as trade between Canada and the United States would take a hit.
Business Matters: Truckers say tariffs would prompt industry layoffs, shutdowns
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Truckers fear that the 25% tariffs that US President Donald Trump is still threatening to impose will have disastrous consequences for their sector, as trade between Canada and the United States would suffer.
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