British Columbia manufacturers are bracing for a hefty tariff on all products being shipped south of the border.
Donald Trump’s victory in Tuesday’s U.S. presidential election comes after a hard-fought campaign that included a promise to enforce a minimum 10 per cent tariff on all American imports.
The Surrey Board of Trade said the U.S. is the top customer for many local manufacturers, and that added fees will impact the business community’s bottom line, similarly to what happened during the first Trump presidency.
“We did see a lot of our GDP and economic development go down,” said Jasroop Gosal, policy research manager for the board.
“But we do believe that there is hope, that there is potential for better trade deals to come as a result of this, as long as both parties are willing to work together.”
Gosal said the business community has faced an array of tariffs from …