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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.
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commonwealthunion.com broke the news in on Wednesday, January 15, 2025.
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