Our trade relationship with the United States is facing heightened tariff pressures, directly impacting local businesses in Abbotsford and the Fraser Valley. For example, the British Columbia government estimates that under a 25% tariff scenario, the province could lose $69 billion CAD in economic activity between 2025 and 2028.
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Donald Trump (U.S.) announces a 25% tariff on all Canadian imports.
Canada imposes 25% counter-tariffs on roughly C$30 billion of U.S. goods.
Canada announces further retaliation—25% tariffs on C$29.8 billion of U.S. imports.
U.S. auto-tariffs begin: 25% on imports of vehicles/parts that are non-USMCA compliant.
U.S. raises tariffs from 25% to 35% on Canadian goods outside the USMCA framework.
Canada removes 25% tariffs on some U.S. goods (except steel, aluminum, autos).