Impact of U.S. Tariffs on Canadian Businesses

The proposed tariffs by the U.S. government threaten to severely impact Canadian businesses, particularly those reliant on exporting goods. For instance, Etienne Borm, president of a tool and dye company, indicates that his entire operation depends on U.S. exports, with even local sales ultimately feeding into the American market. The imposition of a 25% tariff could lead to devastating long-term consequences, prompting companies to reconsider investments in Canada. This shift could consequently threaten the livelihoods of employees and the economic stability of whole communities dependent on export-driven industries.