After a new trade deal was failed to be reached on today’s (Friday) deadline between Canada and the US, businesses are once again bracing for an increase in tariffs.
U.S. President Donald Trump signing an executive order to raise tariffs to 35 per cent on Canadian imports.
Prince George Chamber of Commerce Executive Director Neil Godbout said businesses are getting used to the uncertainties.
“They could still strike a deal over the weekend, there could still be a conversation between Prime Minister Carney and President Trump, and perhaps President Trump agrees to a 90-day extension like he did with Mexico.”
Godbout said that up to this point, businesses have been taking a wait and see approach, but are continuing to look for other opportunities in other provinces, and even internationally.
He encourages consumers to continue buying Canadian, noting there are various American franchises in Prince George that are locally owned.
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