The news on tariffs has not improved significantly since our last alert, and this afternoon, more conflicting messages are emerging.
After his first Cabinet meeting, President Trump stated that tariffs would go into effect on April 2. Secretary of Commerce, Howard Lutnick, attempted to clarify, but it remains unclear whether March 4 is still in play as implementation day. Both referenced work by Canada and Mexico to satisfy the President on efforts to secure their respective borders as being key to setting the tariff timeline. Click here for Reuters article
So, similar to the last time, we may see last minute negotiations that either postpone or reduce the tariffs. While Canadian officials and business leaders have been exhausting every possible angle and relationship in an effort to reverse the course on tariffs, it is difficult to predict how the U.S. administration will act. Regardless of what happens over the next few days, the uncertainty has already deeply impacted the Canadian market.
To follow up on our letter to the Prime Minister, we have sent similar messages to all the Premiers and their Agriculture Ministers communicating the widespread negative impact that tariffs, and more specifically – counter tariffs, will have on our industry. CLICK HERE TO SEE LETTER.
You can help strengthen our message by sending your own direct email to your local MP (and/or MLA). Attached is a letter that you can personalize with your specific dealership information and how your business will be impacted. MP’s and MLA’s want to hear from their constituents. Here’s your chance!
It is unlikely that the threat is a short-term issue and we will be talking about the Canada-U.S. trading relationship for quite some time.
NAEDA is keeping a close eye on developments as they occur and we will continue to advocate on behalf of our dealers. We will stay engaged with our industry partners, as well as prepare information bulletins as needed. In the meantime, please do not hesitate to contact us with any questions.
