Manufacturing and Exporting in the New World Order – Trade, Tariffs and Trump

Hosted by the Empire Club of Canada

With over 1.8 million Canadians working in the manufacturing sector, and over $600 billion in Canadian exports to the United States, President Trump’s potential tariffs will certainly impact a decades-long trade ecosystem. The impact of such tariffs will extend far beyond manufacturing, with senior economists warning that the ripple effects will, disrupt supply chains and the existing world order, possibly driving Canada into a recession.

A recent survey by Canadian Manufacturers & Exporters found that only 11% of manufacturers believe they can fully absorb tariff costs and only for a limited time. What does this mean for the future of Canada’s integrated trading relationship with the U.S., and our ability to make goods together? What are the long-term potential impacts to Canadian markets and, most importantly, how can Canada’s governments and Canadians protect against this threat and support this important sector beyond the impending trade negotiations?

With Canadian jobs, and the economy at stake, bold action and leadership are required.