New Brunswickers can expect to feel the pain from tariffs, business leaders say
When it comes to the impact New Brunswickers may feel from U.S. President Donald Trump’s promised 25 per cent tariff on Canadian exports, Ron Marcolin, Canadian Manufacturers and Exporters’ divisional vice president for New Brunswick, said prepare for the worst.
The White House on Friday said U.S. President Donald Trump’s deadline on tariffs still stands as Feb. 1
Jordan Gill · CBC News
· Posted: Jan 31, 2025 2:19 PM EST | Last Updated: 11 hours ago
President Donald Trump has threatened to put a 25 per cent tariff on Canadian exports. (Mark Schiefelbein/The Associated Press)
When it comes to the impact New Brunswickers may feel from U.S. President Donald Trump’s promised 25 per cent tariff on Canadian exports, Ron Marcolin, Canadian Manufacturers and Exporters’ divisional vice president for New Brunswick, said prepare for the worst.
“I think it is going to definitely hurt,” said Marcolin.
“Consumers in this province have to realize that they may have sticker shock and … feel some short term pain.”
Marcolin said while some industries, such as oil and gas, forestry and agriculture, will be particularly impacted, no industry is immune.
While tariffs were an issue during the last Trump presidency, specifically on steel and aluminum, their target nature meant some industries were spared the worst.
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