Canadian manufacturers say tariff delay encouraging but uncertainty remains
OTTAWA - Canadian Manufacturers & Exporters is pleased by a decision to delay the implementation of new U.S. tariffs, but remains uncertain as the threat lingers. The industry organization, representing Canadian manufacturers, warns that businesses cannot confidently make long-term decisions without clarity on the tariff landscape.
U.S. President Donald Trump announced late Tuesday the postponement of new 50 percent tariffs on approximately $28 billion worth of goods for three days, as negotiations for a new trade deal continue. Prime Minister Mark Carney stated that substantial progress has been made but more work remains. CME CEO Dennis Darby argues that new tariffs would harm both Canada and the U.S., increase costs, and reduce global competitiveness for businesses in both nations.
He suggests that negotiators should use the extra time to work towards a comprehensive trade agreement.
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Also reported by 1 other outlet
- Canadian manufacturers say tariff delay encouraging but uncertainty remains toronto.citynews.ca
