‘A lose-lose for everyone’: Manitoba reacts to Trump’s proposed tariffs
Global News
The president of the Manitoba Chamber of Commerce says Donald Trump's threat to slap a 25 per cent tariff on everything entering the U.S. from Canada is a lose-lose for everyone.
The president of the Manitoba Chamber of Commerce says Donald Trump‘s threat to slap a 25 per cent tariff on everything entering the U.S. from Canada is a “lose-lose for everyone.”
Chuck Davidson told 680 CJOB’s Connecting Winnipeg that experts were expecting a move like the one the U.S. president-elect has proposed, but they were looking for something considerably lower.
“The Canadian Chamber has done some work on this, and recognized that a 10 per cent tariff was going to cost the Canadian economy about $30 billion,” Davidson said.
“Well, when it’s 25 per cent. Do the math — it’s going to be significantly larger than that.
“This is a huge concern from a business perspective and from a U.S.-Canada relations persepective as well, and I think this really caught some a little off-guard.”
Davidson said Manitoba exports $15 billion worth of goods to the U.S. every year, and with tens of billions coming back this way as well, Trump’s proposal will squeeze businesses and put jobs on the line.
“I think there needs to be a better understanding of the importance of that relationship from both sides,” he said.
“There’s close to 40 states that consider Canada — and in some cases Manitoba — to be their number one trading partners.”
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