Nearly half of Canadian manufacturers may freeze hiring or lay off workers if U.S. President-elect Donald Trump imposes 25 percent tariffs on all Canadian goods.
Additionally, 46 percent are considering postponing or cancelling planned capital investments, while 49 percent say they may shift some production to the U.S. if the tariffs are implemented.
“Tariffs will endanger nearly $600 billion in exports to our largest trading partner, two-thirds of which are manufactured goods,” CME president and CEO Dennis Darby said in a press release. “These findings show why we need an urgent and coordinated response from governments to protect manufacturing businesses, workers, and families.”
Failure to do so “will be devastating for our economy,” Darby said.
Trump threatened the 25 percent tariff against Canada, as well as Mexico, in a series of Truth Social posts on Nov. 25, saying the tariffs will come into effect unless the two countries address the issue of illegal immigration and illicit drugs entering the United States through their borders.
The Canada Border Services Agency will train and deploy new canine teams to assist in drug interception, and Health Canada will establish a Canadian Drug Profiling Centre to support 2,000 investigations annually and expand capacity at regional labs.
The investment will also provide new tools for the RCMP, including a new Aerial Intelligence Task Force comprised of helicopters, drones, and mobile surveillance towers. Counter-drone technology will support RCMP officers and provide 24/7 surveillance between ports of entry, according to the government’s announcement.
Ottawa will improve information sharing with the United States and between different levels of government and law enforcement. This will help officials respond more effectively to illegal border crossings by enhancing real-time intelligence, tracking migration trends, and improving coordination.
