New Brunswick manufacturers express concern over Trump's election and potential trade tariffs
The New Brunswick manufacturing sector is experiencing concern following Donald Trump's election as U.S. president. A business group highlighted worries about potential trade tariffs, recalling Trump's previous policies that affected Canadian exports.
Trump's campaign included a promise of a 10% tariff on all imports, with no clear exemptions for Canada. Experts warn that such tariffs could lead to significant job losses and a downturn in the Canadian economy.
Industry groups are already lobbying to protect Canadian businesses that export to the U.S. They plan to meet with U.S. and Mexican counterparts to discuss trade issues, particularly in light of upcoming NAFTA negotiations.