Manufacturers, exporters in N.B. prepare for worst with Trump tariffs

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1 month ago
manufacturers,-exporters-in-nb.-prepare-for-worst-with-trump-tariffsManufacturers, exporters in N.B. prepare for worst with Trump tariffs

New Brunswick

Canadian manufacturers are left worrying as the inauguration of U.S. president-elect Donald Trump looms in less than two weeks.

Threat couldn’t come at a worse time, says Canada-U.S. relations expert

Sam Farley · CBC News

· Posted: Jan 09, 2025 5:00 AM EST | Last Updated: 9 hours ago

Two men sit at a dinner table and smile.

Donald Trump’s threat of tariffs on Canadian goods, in the wake of Justin Trudeau’s announcement of his intention to resign, couldn’t come at a worse time, an expert says. (@justintrudeau/X)

Canadian manufacturers are left worrying as the inauguration of U.S. president-elect Donald Trump looms in less than two weeks.

With a threat of 25-per-cent tariffs on Canadian and Mexican imports to the U.S., the country is also preoccupied with a prime minister set to step down and a prorogued parliament.

Ron Marcolin, New Brunswick and Prince Edward Island divisional vice-president for Canadian Manufacturers & Exporters, said businesses around the country have been surveyed recently about their level of concern. 

“I think it’s very fair to say that manufacturers in Canada, and certainly in New Brunswick, they’re battening down the hatches,” Marcolin said, in an interview with CBC Radio’s Shift.

He added that many companies are examining all aspects of their business to understand what might be affected, and some have implemented hiring freezes as they wait to see if the tariffs come through. 

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