BC Chamber of Commerce Statement on Potential 25% US Tariffs

In response to the announcement by US President-elect Donald Trump that he will introduce a 25-per-cent tariff on all products from Canada when he is inaugurated in January 2025, Fiona Famulak, President and CEO of the BC Chamber of Commerce, released the following statement:

“Today’s news is very concerning to the BC Chamber of Commerce, the 100 local chambers of commerce and boards of trade in the province and the 36,000 businesses that we represent. A tariff of this magnitude will have significant consequences for BC businesses of all sizes and will negatively impact communities and workers across British Columbia.

“The United States is Canada’s largest trading partner, and we have a long history of cooperation and collaboration on shared interests. The reality is, tariffs on Canadian products will impact businesses and consumers on both sides of the border.

“Ottawa must take this news seriously and work proactively with representatives of the incoming US administration immediately to address the issue before the tariffs are implemented – we cannot afford to wait until January to take action.”