The discussion regarding President-elect Trump’s proposed tariff is dominating boardrooms and headlines. Business leaders focused on agility and resilience will be positioned to maximize opportunities and safeguard operations in what is expected to be a highly disrupted global market.
The prospect of across-the-board tariffs on imports to the U.S. would cost Canada almost 1% of its GDP, according to a new report from the Canadian Chamber of Commerce.
Tariffs, taxes, or duties on imported goods and services are an essential tool in a country's economic and trade policy and are utilized by most countries worldwide. They generate revenue, protect domestic industries, and influence trade policies and relations.
However, there are disadvantages—including price increases, reduced demand, damaged supply chains, and the potential for strengthened currency and inflation. They can also negatively impact relations between trading partners.
Our leaders—from industry to tax—are sharing their perspectives and offering sound guidance on how best to prepare for 2025 and beyond.
What the next U.S. administration means for Canadian businesses
Join our panel for an insightful discussion on how the new U.S. administration may affect Canadian enterprises.