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Industry groups call for help facing U.S. tariffs, offer ideas to limit damage
Canadian manufacturers and exporters urge decisive action to protect the manufacturing sector from potential U.S. tariffs proposed by President-elect Donald Trump.
A recent survey by CME reveals that 90 per cent of manufacturers expect significant impacts from the tariffs.
The survey also indicates that 48 per cent of manufacturers foresee layoffs or hiring freezes if tariffs are implemented.
The letter from industry groups emphasizes that retaliatory measures should be strategic and in consultation with industry to reduce collateral damage.