President-elect Donald Trump’s threatened 25 percent tariff on Canadian and Mexican goods entering the U.S. is causing concern throughout Canada’s retail home improvement industry. Economists warn that the measures could trigger a recession and drive up prices on both sides of the border.
This is a concern shared by Sam Moncada (shown here), CEO of the Canadian Home Products Trade Association (CHPTA). Moncada said the tariffs would be detrimental to both Canadian and American interests, leading to increased prices and potential retaliation.
(Get the full story on how the threatened tariffs are impacting the industry in the next mind-bending edition of our weekly flagship publication, Hardlines Weekly Report. Each issue of HWR gives you the big picture on the events and news shaping home improvement retailing in Canada and beyond. Click here to get your own four-week complimentary trial subscription!)
