Manitoba business leaders warn of economic fallout from Trump's proposed tariffs

Manitoba business leaders are reacting to Donald Trump's proposed 25 percent tariff on all imports from Canada. They warn this could significantly harm both the Canadian and U.S. economies, with potential losses far exceeding earlier estimates of a 10 percent tariff. Chuck Davidson, president of the Manitoba Chamber of Commerce, highlighted that Manitoba exports $15 billion worth of goods to the U.S. annually. He emphasized the importance of U.S.-Canada trade relations, noting that many U.S. states rely heavily on Canadian trade. Terry Shaw from Canadian Manufacturers and Exporters echoed these concerns, stating the tariffs would negatively impact consumers and manufacturers on both sides of the border. He noted the uncertainty surrounding the tariffs is already affecting the economy.