Trump's Trade Threats Cause Concern in Canadian Business Community

Donald Trump's plan to impose tariffs on imports from Canada and Mexico over border security concerns has sent shockwaves through the Canadian business community. Small and mid-sized manufacturers are particularly vulnerable as they are tightly integrated with the U.S. market. Superior Glove Works Ltd., a company based in Acton, Ont., has been building its first American manufacturing facility in North Carolina as a precaution against potential tariffs from the U.S.

The company's owner, Tony Geng, expressed concerns about the similarities between the current situation and the renegotiation of the North American free-trade agreement during Trump's first term. Acton, Ont.-based Superior Glove has three production facilities in Canada that employ about 450 people, with 70 percent of its products destined for the U.S. market

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Canadian Industry Leaders Show Patience in Face of Trump's Trade ThreatsCanadian industry leaders, from auto to farming, exhibit patience regarding Trump's trade threats, emphasizing the mutually beneficial nature of the Canada-U.S. trade relationship, valued at over a trillion dollars. Doubts surround the actual implementation of a proposed 25 percent tariff increase on imported goods.
Herkunft: CBC - 🏆 32. / 63 Weiterlesen »

Canadian Stocks Drop on Trump’s Tariff ThreatsIndustrial stocks led declines in Toronto on Tuesday after US President-elect Donald Trump threatened 25% tariffs on goods produced in Canada and Mexico on Monday night.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »