The following is a statement from Giles Gherson, President & CEO, Toronto Region Board of Trade on U.S. President Donald Trump’s announced 35 per cent tariffs on Canada:
“Our members are deeply frustrated by yet another disruptive turn in U.S. trade policy. This ongoing dispute, including the latest 35 per cent tariff threat, is a bargaining tactic and not grounded in economic logic. It also comes at a time when Canadian businesses are already navigating the competitive pressures created by the United States’ new industrial strategy, the so-called ‘One Big Beautiful Bill.’
The federal government must continue to negotiate the best deal it can for Canadians. But as this situation unfolds, both government and the business community must also stay focused on what we can control.
That means:
- Urgently taking measures to accelerate productivity
- Strengthening internal economic cohesion
- Expanding Canada’s global trade footprint
This is how we build the long-term economic resilience Canada needs, no matter who occupies the White House.”
The Toronto Region Board of Trade is one of the largest and most influential business chambers in North America and is a catalyst for the region’s economic agenda. We pursue policy change to drive the growth and competitiveness of the Toronto region and facilitate market opportunities with programs, partnerships and connections to help our members succeed – domestically and internationally.
Media Contact