President Trump has announced a 25% tariff on all Canadian imports, a move that is damaging for Abbotsford businesses. The B.C. government estimates that under this tariff scenario, B.C. could see a cumulative loss of $69 billion in economic activity between 2025 and 2028.
The Canadian Chamber of Commerce's Business Data Lab (BDL) estimates the tariffs would cost Americans approximately $1,300 per person annually.
On this webpage, you will find a survey to help inform the Abbotsford Chamber's advocacy work and links to numerous member resources to help your business.
ACOC IN ACTION
- Survey: Tell us about how these tariffs will impact your business. Fill out the quick survey here.
- Connect: We also welcome you to connect directly with us by email: ceo@abbotsfordchamber.com
Here is a document that discusses the mutually beneficial impact of Canada-U.S. Trade. Provided by Global Affairs Canada.
Updates
February 3, 2025 - Justin Trudeau announces that proposed tariffs will be paused for at least 30 days.
February 2, 2025 - Canada announces tariff counter measures imposing 25% tariffs on $30 billion effective February 4th and $125 billion to go into effect after 21 days, on goods imported from the United States Read more.
February 1, 2025 - White House announces the imposition of 25% tariffs on Canadian and Mexican Imports and 10% on Chinese imports and Canadian energy resources. Read more.
November 25, 2024 - Trump announces plans to sign an executive order to impose tariffs on Mexico and Canada. Read more.
BUSINESS RESOURCES
- EMC: Canada US Trade Relations
- CFIB: U.S. Tariffs: What They Mean to Your Business
- CANADIAN CHAMBER OF COMMERCE: Canada-U.S. Trade Tracker
- EDC: FAQs: What Canadian exporters need to know about the impact of potential U.S. tariffs
- BDC: Resources for businesses impacted by potential U.S. tariffs
- KPMG: KPMG in Canada supports Canadian businesses navigating U.S. tariffs
GOVERNMENT RESOURCES
Provincial
- B.C. provides economic assessment of Trump's tariff threat
- New cabinet committee will protect B.C.'s economy from tariff threat
Federal
- List of products from the United States subject to a 25% tariff effective Feb 4th, 2025
- Prime Minister Justin Trudeau speaks with premiers on the Canada-U.S. relationship and internal trade
- First Ministers' statement on the Canada-United States relationship
- Government of Canada launches weekly briefings with industry stakeholders on Canada-U.S. economic relationship
If your organization has webinars or resources available for B.C. businesses related to the U.S. tariffs and you would like to include them on this webpage, please email marketing@abbotsfordchamber.com.