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Survey launched by Surrey Board of Trade in response to potential Trump tariffs

'Canadian businesses have weathered economic storms before, and we will do so again': SBoT

In response to the United States' announcement that tariffs will take effect Tuesday (Feb. 4), the Surrey Board of Trade has expressed its dismay and launched a survey to help fully understand the impact of the levies.

Although the tariffs have since, reportedly, been paused for 30 days, the board noted its deep disappointment in a release, saying the president has decided to tarnish the two nations' historic relationship with the announcement of 25 per cent tariffs on Canadian imports and 10 per cent tariff on energy.

"Canadian businesses have weathered economic storms before, and we will do so again," said SBoT interim spokesperson and policy and research manager Jasroop Gosal.

"This is a moment for businesses to innovate, strengthen domestic supply chains, and explore new global markets, and for Canadians to prioritize spending on Canadian goods. The Surrey Board of Trade is here to support businesses in navigating these changes, but federal and provincial investments will be key."

To understand the full impact of these tariffs on local businesses, SBOT has launched a survey to gather insights and develop targeted policy recommendations. Surrey and White Rock businesses are encouraged to participate to ensure their voices are heard in advocacy efforts with all levels of government.

The U.S. remains Canada’s largest trading partner, and these tariffs will undoubtedly increase costs, disrupt supply chains, and challenge competitiveness.

"Donald Trump’s decision to impose only a 10 per cent tariff on energy signals an awareness of the United States' reliance on Canada. This dependence presents Canada with strategic leverage to ensure Trump fully grasps the extent to which the U.S. economy relies on Canadian resources."

In its release, the Surrey Board of Trade called on the federal and provincial government to:

• Protect businesses by halting all taxation changes that would deter business growth;

• Immediately freeze all regulatory changes on industry that would add cost and red tape; and

• Implement a strategic plan to ensure that businesses in the South Fraser Economic Region, which are particularly vulnerable to these tariffs as a result of the industries and proximity to the border, are provided with greater international trade support through the Surrey Board of Trade’s International Trade Centre.

SBoT acknowledged the retaliations announced by the provincial and federal governments, and said it stands ready to support Surrey's business community and all levels of government "to ensure that we are protecting the economy and the livelihoods of our communities.”

Surrey Mayor Brenda Locke also called on the province to suspend the gas tax and PST on B.C.-made goods.

 

 

 

 



Tricia Weel

About the Author: Tricia Weel

I’m a lifelong writer and storyteller, and have worked at community newspapers and magazines throughout the Lower Mainland and Vancouver Island.
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