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Businesses ‘desperately in search of certainty’ on trade deal — but at what price?
Business leaders want certainty as negotiators face a July 1 deadline, while some warn a rushed deal could lock in harmful tariffs.
- Canadian businesses remain divided on how to approach the July 1 renewal deadline for the United States-Mexico-Canada Agreement, with manufacturers and large CEOs pushing for speed while small business owners and tech firms advocate waiting to build pressure on President Donald Trump before midterm elections.
- When the Trump administration took aim at free trade last year, companies faced tariff walls and retaliatory duties that disrupted supply chains; this week, a proposed 10 per cent additional tariff on Canada heightened urgency for negotiations.
- Ryan Zoehner, CEO of Algo, a Vancouver-area manufacturer with 165 employees, rerouted 5,000 parts after tariffs disrupted supply chains, saying business leaders need 'consistency and clarity' rather than volatility.
- Goldy Hyder, CEO of the Business Council of Canada, warned that delay harms growth with companies in survival mode, while Dan Kelly of the Canadian Federation of Independent Business cautioned against rushing a deal that could be abandoned, citing Trump's history of reneging.
- The July 1 deadline forces a choice between renewal or renegotiation, but business divisions suggest no consensus will emerge as companies across North America remain frozen in uncertainty, particularly affecting Mexico and Canada.
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10 Articles
10 Articles
Businesses ‘desperately in search of certainty’ on trade deal
When the Trump administration took aim at free trade last year, Ryan Zoehner felt like he was under fire. “Our supply chain got caught in the crosshairs,” said the CEO of Algo, a Vancouver-area manufacturer whose 165 employees make speakers, strobe lights and intercoms for use in schools, hospitals and airports. The maze of tariff walls thrown up by U.S. President Donald Trump as well as Canada’s retaliatory duties meant Zoehner had to reroute t…
Coverage Details
Total News Sources10
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
Factuality
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