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Possible softening of April 2 tariffs 'zero comfort' for industry leaders

  • New U.S. tariffs on Canadian goods are scheduled for April 2, but reports suggest they may be narrower than expected, according to Matthew Holmes from the Canadian Chamber of Commerce.
  • Canadian business leaders express concern, stating that tariffs will add costs and destabilize industries.
  • Volpe warns that U.S. tariffs threaten the auto sector's stability, impacting companies like General Motors and Ford.
  • Both Holmes and Volpe convey that uncertainty surrounding tariffs is making it challenging to do business across borders.
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PLANTPLANT
+14 Reposted by 14 other sources
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Possible softening of April 2 tariffs 'zero comfort' for industry leaders

Just over a week before new U.S. tariffs are expected to come into force, Canadian business leaders say they’re not optimistic that any meaningful reprieve is in the works. “Until a tariff comes into effect and it affects the U.S. economy … I’m not confident that anybody is going to be able to push the White House back from what it’s threatening to do,” said Flavio Volpe, president of the Automotive Parts Manufacturing Association. April 2 is se…

Chatham Star TribuneChatham Star Tribune
+14 Reposted by 14 other sources
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U.S. Lumber Coalition: Canada Announces New Subsidies for Its Softwood Lumber Industry While Claiming that Canada's Industry Is Not Subsidized

WASHINGTON, March 24, 2025 /PRNewswire/ -- Canada consistently claims that their softwood lumber producers are not subsidized and therefore should have unfettered access to the U.S. market. Yet every Administration since the Reagan Administration has investigated the softwood lumber trade…

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Sourcing Journal broke the news on Monday, March 24, 2025.
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