Ontario businesses seek new trading partners due to tariffs
Ontario businesses are seeking new trading partners due to ongoing uncertainty from U.S. tariffs under President Trump. The trust built over decades between Canada and the U.S. has been undermined, prompting companies to explore markets in Europe, Asia, and Latin America. Many businesses are delaying investments and laying off workers as they adapt to the unpredictable tariff landscape. Some, like Chapman's ice cream, have severed ties with long-time U.S. suppliers due to rising costs. Industry leaders express frustration with the situation, emphasizing the need for Canada to diversify its trade relationships. They call for government support to help businesses transition and improve domestic infrastructure to facilitate trade within Canada.