Loading ...50% Of Canadian Manufacturers Considering Layoffs If Trump Tariffs Enacted
“Tariffs will endanger nearly $600 billion in exports to our largest trading partner, two-thirds of which are manufactured goods,…
A survey of 300 manufacturers found that 48 percent are considering these moves in response to the proposed tariffs, according to data released Dec. 19 by Canadian Manufacturers and Exporters (CME).
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.
Just the verbal THREAT of tariffs (a month before the inauguration) has 50% of CDN manufacturers saying they would open new plants in the USA. How could the new administration possibly view this negatively? Doesn’t this prove Trump’s point?
So, perhaps we need to have an election and put in a sensible government.