🤕 Trade Wars and Internal Trade: Canadian Manufacturing Challenges

Canadian manufacturers are facing significant challenges due to newly imposed tariffs from the U.S., which are already hindering sales and investment. Experts in the manufacturing and finance sectors suggest that dismantling interprovincial trade barriers could offer a crucial lifeline to these businesses by enhancing their competitiveness. While exploring new international markets is a long-term goal, the immediate focus should be on reducing internal regulatory complexities that impede domestic trade. The removal of these barriers, though a slow process, is viewed as essential for the resilience and adaptation of the Canadian manufacturing industry during this turbulent economic period. Streamlining regulations and achieving greater internal market access are key recommendations to mitigate the negative impacts of the trade war.