A lose-lose for everyone: Manitoba reacts to Trumps proposed tariffs – Winnipeg [Video]

The president of the Manitoba Chamber of Commerce says Donald Trump‘s threat to slap a 25 per cent tariff on everything entering the U.S. from Canada is a “lose-lose for everyone.”

Chuck Davidson told 680 CJOB’s Connecting Winnipeg that experts were expecting a move like the one the U.S. president-elect has proposed, but they were looking for something considerably lower.

“The Canadian Chamber has done some work on this, and recognized that a 10 per cent tariff was going to cost the Canadian economy about $30 billion,” Davidson said.

“Well, when it’s 25 per cent. Do the math — it’s going to be significantly larger than that.

“This is a huge concern from a business perspective and from a U.S.-Canada relations persepective as well, and I think this really caught some a little off-guard.”

Davidson said Manitoba exports $15 billion worth of goods to the U.S. every year, and with tens of billions coming back this way as well, Trump’s proposal …