WASHINGTON, DC, NOVEMBER 25, 2024 – “The Canadian American Business Council advocates for policies that promote free trade, economic growth, and strong international partnerships.
“We strongly oppose the incoming administration’s proposed 25% tariff against Canada and Mexico. This action, if pursued, would undermine the principle of the USMCA, harm businesses on both sides of the border and erode the economic and geopolitical strength of North America.
“We’ve learned previously that retaliation is inevitable, and countermeasures can target sensitive industries, exacerbating the economic impact and creating uncertainty for businesses. The only way for Canada and the United States to move forward is through dialogue within the framework of the USMCA that President Trump and Prime Minister Trudeau negotiated and signed into force.
“We call on the President-elect to prioritize collaboration and uphold the principles of the USMCA, ensuring North America remains a global leader in trade and innovation.”
About the CABC: Established in 1987, the Council is the leading non-profit, non-partisan, issues-oriented organization dedicated to fostering dialogue between the public and private sectors in Canada the US. Members are key business leaders and stakeholders from both sides of the border ranging from entrepreneurs to best name brands in the world. Collectively, CABC members employ about two million people and have annual revenues of close to $1.5 trillion. For more information about the CABC and its leadership team, please visit our Who We Are section.
