Canadian Manufacturers and Exporters says Canada must act decisively to protect the manufacturing sector if U.S. president-elect Donald Trump goes ahead with his threat to impose tariffs on Canadian goods headed to the U.S.
In an open letter to the leaders of the major federal political parties, CME president and CEO Dennis Darby says the imminent threat of sweeping U.S. tariffs poses a significant and immediate risk to the manufacturing sector.
“If Canada retaliates, the economic fallout will be even worse, driving up costs for businesses and consumers on both sides of the border,” Darby wrote.
The letter says retaliatory measures must be strategic, targeted and enacted in consultation with industry to minimize collateral damage….