U.S. President Trump announced on July 10 that he would impose a 35% tariff on goods imported from Canada starting from August 1. Dan Kelly, head of the Canadian Federation of Independent Enterprises, said in an interview with a reporter from the Taiwan Taiwan recently that the imposition of tariffs in the United States seriously impacts Canadian business operations, and the Canadian business community is losing trust in the United States.
Dan Kelly, head of the Canadian Federation of Independent Businesses: Small businesses among our association are vulnerable to trade conflicts. Now imports and exports are subject to tariffs, which is very harmful to Canadian companies.
Dan Kelly also said that Canadian companies are most worried about the “uncertainty” brought about by the imposition of tariffs in the United States, which will make companies unable to make business plans and decisions.
Dan Kelly, head of the Canadian Federation of Independent Enterprises: Uncertainty is the enemy of corporate development. You don’t know whether you can enter the market for a long time, it’s difficult to formulate plans for recruiting and expanding your business, and you don’t know what to do next. This is the biggest impact of tariffs we are seeing at the moment.
It is reported that about 98% of Canadian companies are small and medium-sized enterprises, and the Canadian Independent Enterprise Federation has about 100,000 small and medium-sized enterprises members. Survey data from the Canadian Federation of Independent Enterprises in April this year showed that many small and medium-sized Canadian companies are reducing investment in the United States and turning to local suppliers and markets to reduce operating risks.