A majority of trucking companies in Canada say they have lost or had to delay loads to the U.S. since new tariffs were imposed.
Despite supporting the Trump administration in tackling the cross-border drug crisis, the nation’s biggest trucking lobby forecasts pain ahead for truckers with new import taxes.
Tariffs on the three largest trading partners of the U.S. will affect much of what Americans consume.
Freight markets are on notice to expect the start of Trump’s new tariff regime on Feb. 1.
Ottawa aims to protect domestic businesses from high costs of tit-for-tat trade dispute with Washington.
U.S. and Canadian officials are negotiating an end to the costly import levies, which have wreaked havoc on cross-border supply chains.
The Canadian auto and truck parts maker reported record sales, but the Trump administration’s tariffs will continue to hit its bottom line.
The core of the trade pact, which allows American companies to operate in Mexico and Canada without tariffs, remains the same.
U.S. Sen. Bob Corker, R-Tenn., says he and others are “crafting” legislation requiring congressional authority over levying tariffs in response to President Donald Trump’s imposition of stiff steel and aluminum tariffs on Canada, Mexico and the European Union.
