Canadians stand to lose $1900 in annual income based on 25% tariffs.
That’s according to modelling from the Canadian Chamber of Commerce’s Business Data Lab.
They’ve launched a Canada-U.S. Trade Tracker to help businesses, politicians, and residents on both sides of the border better understand what’s at stake and then make the case to decision-makers to strengthen ties.
“Tariffs are a lose-lose,” says Stephen Tapp, Chief Economist at the Canadian Chamber of Commerce. “They would raise business costs, reduce North America’s international competitiveness, and ultimately increase consumer prices at a time when Canadians and Americans are both struggling with significant affordability challenges.”
The Canadian Chamber says there’s $1.3 trillion in annual two-way trade between our country and the U.S, with 2.3 million Canadian jobs supported by exports to America.
