Waterloo economic development leader downplays impact of Trump's proposed tariffs on Canada

The head of Waterloo Economic Development, Tony LaMantia, downplayed concerns over U.S. president-elect Donald Trump's proposed 25% tariffs on Canadian goods. He described the announcement as typical Trump behavior and emphasized the strong economic ties between Canada and the U.S. LaMantia noted that tariffs would raise costs for American consumers and highlighted the interconnected nature of supply chains, particularly in the automotive sector. Other experts also view Trump's tariff threat as posturing ahead of trade negotiations. Canadian officials reacted strongly to the tariff proposal, with Prime Minister Justin Trudeau planning discussions on next steps. LaMantia expressed hope for a collaborative approach to trade talks, similar to past negotiations.