Canadian manufacturers say tariff delay encouraging but uncertainty remains
Canadian Manufacturers & Exporters says it’s encouraged by a decision to delay the implementation of new U.S. tariffs, but the continued threat leaves companies and their workers facing the same damaging uncertainty. The industry organization which represents manufacturers in Canada says businesses cannot confidently make long-term decisions without knowing what the tariff landscape will look […]
Canadian Manufacturers & Exporters (CME) has expressed encouragement over the decision to delay the implementation of new U.S. tariffs, though ongoing uncertainty remains. The industry group, representing manufacturers in Canada, warns that businesses cannot confidently plan for the long-term without knowing the future tariff landscape.
U.S. President Donald Trump announced on Tuesday that new 50 percent tariffs on approximately $28 billion worth of goods will be delayed for three days as negotiations for a new trade deal continue. Prime Minister Mark Carney acknowledged that substantial progress has been made during the talks, but there is still more work to be done.
CME CEO Dennis Darby emphasized that new tariffs would negatively impact both Canada and the U.S., increase costs, and make businesses in both countries less competitive on the global stage. He urged negotiators to utilize the extra time to strive for a comprehensive trade agreement.
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- Canadian manufacturers say tariff delay encouraging but uncertainty remains winnipegfreepress.com
