Canada’s counter-tariffs against U.S. will hurt Manitoba businesses, consumers
In response to 50 per cent tariffs from the United States, the Canadian government has said counter-tariffs will go into effect on Tuesday, Sept. 8.
Canada's trade deal with the United States has failed, leading to 50% tariffs on approximately $20 billion worth of Canadian goods. In response, the Canadian government announced counter-tariffs against the United States starting September 8. Manitoba Chambers of Commerce President Chuck Davidson acknowledges the reasoning behind the retaliation but warns that the tariffs will hurt Manitoba businesses and consumers.
He explains that costs will rise and that it will be challenging to maintain the trade relationship. Manitoba's reliance on the U.S. for trade has decreased from 73% to 66%. Industries like dairy, alcohol, and lumber are expected to be hit hard by the escalation. Liz Kovach, president of the Supply-Build Canada, says the counter-tariffs will negatively impact Canadian businesses and consumers, particularly builders in the U.S. who rely heavily on Canadian lumber.
The tariffs have also raised concerns among Manitoba-based companies like Evolution Wheel, which manufactures airless tires and frequently imports materials across the border. The Angus Reid poll shows that 76% of Canadians support ending the negotiations, yet 90% are worried about the increase in costs for goods and services. Premier Wab Kinew expressed support for the federal government's decision to walk away from the trade deal, urging Canadians to buy from Canadian businesses and support Canadian workers.
The Manitoba government is expected to meet with its U.S. Trade Council to discuss providing support to the affected industries.
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