Canadian Business Organizations Believe Trade Uncertainty Has Caused Harm

March 3, 2025 TruthUSA

The Chief Executive of the Canadian Federation of Independent Business warns that if implemented tomorrow, comprehensive tariffs on imported goods from the U.S. would be a worst-case scenario.

Despite this, Dan Kelly notes that even with a potential last-minute pardon from U.S. President Donald Trump, the persistent threat and uncertainty will continue to harm the economy.

He mentions that certain small and medium-sized businesses have been exploring alternative suppliers outside the United States, while others have paused their planned expansions.

Additionally, Matthew Holmes, the head of public policy at the Canadian Chamber of Commerce, emphasizes that each day without tariffs saves the Canadian economy $3.6 billion. However, he also underscores that ongoing threats are eroding trust and investment.

Jim Kilpatrick, the leader of global supply chain and network operations at Deloitte Canada, reveals that he has been advising clients for months to take U.S. tariff threats seriously.

He explains that some companies have been hurrying to transport their goods across the border before potential tariffs are imposed. He also recommends that companies review their contractual obligations for cross-border business.