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Big repercussions, big concerns: B.C. farmers worry about potential Trump tariffs – BC [Video]

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Canadian Economy and Markets

Most of the plants grown at Rainbow Greenhouses in Chilliwack, B.C., are sold in Canada, but a small portion is exported to the U.S.

And if U.S. President Donald Trump’s proposed trade tariffs are implemented in early March, shipping costs are expected to skyrocket.

“We had a bunch of shipments leaving last week and we had to say we have to get these out the door really quick because if we get a 25 per cent tariff on what we’re shipping, it basically makes that totally not profitable,” said Rainbow Greenhouses owner and Stan Vander Waal.

“Not only not profitable, but we lose money in a big way.”

Although U.S., bound shipments could come with a hefty price tag if Trump’s tariffs go ahead, Vander Waal says they will take a larger hit when it comes to importing products.

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“My concern is that as Canada, we lever these counter-tariffs now to basically try to resolve the problem. What I feel is, that affects …

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