Trump's Trade Threats Cause Concern in Canadian Business Community

📆 30/11/2024 5:04 a. m.
📰 globeandmail

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Donald Trump,Trade War,Canadian Business

Canadian businesses, especially small and mid-sized manufacturers, have become concerned about potential tariffs and tariffs from the U.S. due to Trump's border security concerns. The owner of Superior Glove Works Ltd., Tony Geng, highlights the company's efforts to build an American manufacturing facility in response to the looming threat, reminiscent of earlier trade negotiations during Trump's first term.

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

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