Truckers warn that proposed 25% tariffs by U.S. President Donald Trump would severely impact their industry and cross-border trade with Canada, leading to potential layoffs and shutdowns. The tariffs, delayed for at least 30 days, could create the largest trade shock for Canada in nearly a century, according to RBC Economics.
The Canadian Trucking Alliance states that if tariffs remain for a long time, it could be the “final nail in the coffin” for many trucking fleets.
The trucking industry is facing increased competition and declining prices, which could further harm profit margins for truckers, as noted by Joseph Khoueiry from Fabreville Inc.
