The federal government announced tariffs on $27.6 billion in U.S. goods and a $7.5-billion support package Tuesday in Ottawa to help Canadian businesses and workers withstand the escalating trade war.
The North Bay and District Chamber of Commerce says it’s working closely with its provincial and national groups to ensure the voice of business is represented as governments respond to trade uncertainty.
U.S. President Donald Trump threatened Monday to impose 50-per-cent tariffs on Canadian vehicles and auto parts, then attacked Prime Minister Mark Carney and Ontario Premier Doug Ford as the Conservative opposition demanded details of failed trade negotiations.
Prime Minister Mark Carney said Canada was under economic attack Saturday after trade negotiations collapsed, new U.S. tariffs took effect and he suggested divisions inside U.S. President Donald Trump’s administration contributed to the breakdown.
Canada suspended trade negotiations with the United States and pledged dollar-for-dollar retaliation as additional 50-per-cent U.S. tariffs took effect early Saturday on about $28 billion in Canadian goods.
The United States postponed planned 50 per cent tariffs on a range of Canadian goods for three days as U.S. President Donald Trump said the two countries had reached a trade deal.
The North Bay & District Chamber of Commerce says tax relief for small businesses detailed in last week's provincial budget will help them invest, grow, and absorb ongoing cost pressures.