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B.C. truckers brace for impact of Donald Trumps tariffs [Video]

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Canadian National News

B.C. trucking companies are expecting to be hit hard by the newly-imposed tariffs by U.S. President Donald Trump.

The Canadian Trucking Alliance reports that about 25 to 30 per cent of B.C. trucking companies move goods across the Canada-U.S. border every day.

While it is not known what the eventual impact will be, the industry says it has seen a soft freight economy over the past 12 to 16 months and the tariff uncertainty will add to that.

A soft freight economy happens when the demand for the movement of goods falls short of the supply of goods, meaning carriers often end up reducing their prices to keep their trucks moving.

“What we have to remember is all disputes end and how they end and what we’re left with is very often determined by how we conduct ourselves during the dispute,” Dave Earle, president and CEO of the Canadian Trucking Alliance told Global News.

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