Quebec business leaders and associations issued warnings on Monday regarding proposed tariffs, highlighting potential devastating consequences. They urged the government to implement measures to safeguard companies and employees, emphasizing the need for financial assistance. The call for action aimed to protect businesses and mitigate the impact of the tariffs on the province’s economy.
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Trump could crush Canada's softwood exports. Here's how a new crisis could play out
Canadian exporters face rising anxiety as the U.S. threatens to significantly increase softwood lumber duties, potentially from 14% to 34%, amid a national security investigation. While Canadian firms, like Canfor, brace for higher tariffs, they have expanded production capacity in the U.S. to mitigate risks, but American producers seek to limit Canada's market share further and push for tariffs that could bolster U.S. production. Explain It To Me Like I'm 5: The ongoing trade tensions...
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