President and CEO Statement on President-Elect’s Proposed Tariffs

"The Ottawa Board of Trade is deeply concerned about the US President-elect’s proposed 25% tariff on all Canadian goods entering the United States. This measure would have severe consequences for businesses in Ottawa and across Canada, potentially disrupting our integrated supply chains and harming economic growth on both sides of the border.

We echo the sentiments expressed by the Ontario and Canadian Chambers of Commerce. This situation requires urgent action and a coordinated Team Canada approach. We call on the federal government to engage immediately with the incoming U.S. administration to prevent the implementation of these tariffs. And develop contingency plans to support Canadian businesses, particularly SMEs, that may be adversely affected by these tariffs. We are confident US business leaders understand the mutual benefits of our integrated economies.

We urge our members and all Ottawa businesses to prepare for potential market disruptions while remaining hopeful that diplomatic efforts will prevail. The Ottawa Board of Trade stands ready to support our business community and work with all levels of government to navigate this challenging situation."