Donald Trump's proposed 25% tariffs on imports from Mexico and Canada could disrupt the free trade agreement and impact businesses like Canadian Pacific Kansas City Ltd., which formed to capitalize on continental trade.
U.S. president-elect Donald Trump ’s proposed 25-per-cent tariffs threaten to disrupt North American free trade . The move could also undercut the business case that drove the US$27-billion formation of Canadian Pacific Kansas City Ltd.
Skip ahead to late 2024, and Mr. Creel is reassuring those same investors the railway can withstand a Trump trade war. He says the railway will continue to grow even in the face of the 25-per-cent tariffs that economists warn will hit trade volumes, drive inflation and possibly cause a recession. Trans-border shipments made up one-third of CN’s revenue and 41 per cent of CPKC’s revenue in 2023. She said both railways will see a short-term rise in freight volumes as shippers try to get ahead of the tariffs. “Beyond that, we would expect cross-border volumes to be negatively impacted by increased tariffs,” Ms. Radbourne said in a research note.
CPKC said on Dec. 17 it completed a second bridge connecting Mexico and Texas over the Rio Grande, doubling its capacity to move freight between the countries. The railways opened an automotive yard near Dallas in June for finished vehicles moving among the three countries.
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