A new KPMG survey reveals that Canadian business leaders overwhelmingly favor a targeted, dollar-for-dollar response to potential U.S. tariffs. The survey, conducted among 250 Canadian business leaders, also highlights concerns about a looming recession and calls for a united front from federal and provincial governments.
Ritika Dubey, The Canadian PressSignage at the KPMG offices in Ottawa are seen Friday, June 28, 2024. THE CANADIAN PRESS/Sean Kilpatrick
“One of the most important themes coming out of our survey is that business leaders in this country want Canada to stand firm, fight back and be united,” said Joy Nott, a partner in the trade and customs practice at KPMG in Canada.The survey comes as federal and provincial governments prepare for a trade war with the U.S., which could come as early as Saturday.
However, in reality, the premiers have publicly disagreed on how to deal with potential tariffs, including on the issue of curtailing energy exports to the U.S. and the scope of the potential retaliation. Businesses are also asking Ottawa to create a competitive environment compared with the United States, the poll shows.
TARIFFS TRADE WAR CANADA UNITED STATES BUSINESS LEADERS
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