He made no explicit mention of it during his inaugural address, but on Monday evening at the White House, Donald Trump said he “thinks” he will impose a 25 percent tariff on Canadian and Mexican imports on Feb. 1.
Ken Jenkins, president and CEO of Castle Building Centres Group, had this reaction: “This was a massive wake-up call for Canada. You are in a very large peril when you put too many eggs in one basket. When I see 70 to 77 percent of our exports head to one customer, this is a larger picture conversation that more Canadian businesses, and us as a nation, need to address long term.”
(Our Premium Members can read a full industry response to the tariffs issue in our flagship publication, Hardlines Weekly Report, on Jan. 27. Haven’t gone Premium yet? Sign up for a free trial subscription today!)
