President Donald Trump proposed that 25 % tariffs on almost all products in Canada have been put on hold for 30 days, but the leaders of business activities are still nervous.
When the tariff was announced, the Canadian Prime Minister Justin Trudeau was in line with 25 % tariffs on American goods. In addition, 10 % tariffs from all commodities from China will take effect.
The American Travel Association warns that new tariffs may greatly reduce Canadian visits and expenditures in Canada. This is still the first source of international tourists in the United States. In 2024, 20.4 million visits generated 20.5 billion Canadian expenditure and support 140,000 jobs.
GregG Talley, CEO of Associations and Activity Management Company, cooperated with the National and Global Associations and activity management companies, plans to plan large international conferences in the world and Canada. He was worried about tariffs. Tali said: “This may have a chilling impact on the United States and international attendance.”
As part of their emergency plan, Tali’s team is reviewing insurance clauses related to government actions that may affect the number of registered people.
He added: “We are investigating a clause in the contract that affects attendance with government actions.”
Another field of attention is a potential impact on professional services. Talley has questioned whether the US suppliers going to Canada’s business will face other obstacles under tariffs. He also pointed out that such policies may destroy global cooperation that constitutes the incident industry.
He said: “This may destroy the understanding of our business together to carry out business together.” “Some people will avoid participating in our conferences without wanting to support a regime that frustrates international norms.”
The economic interests of the trade war
Economists say that tariffs are basically tax on imported goods, which may increase prices and slow down economic growth.
Dana Toland, a strategist and a procurement expert in the chief activity plan, is worried that the tariff may cause a chain response, and there are many problems.
“All costs from travel to hotels to goods and services will increase. Will the countries affected by tariffs be imposed on US visitors to reach or start taxes? Are there any opportunities for these countries to decline? If there is an economic recession, will the value of Canadian US dollar be reduced? Will depreciation offset cost increases? Will security become a problem? “
Uncertainty is common. “The whole process is developing in real time. For example, Trump agrees to suspend tariffs with Mexico for a month, but it seems that they will upgrade with Canada.” A certain thing is to increase costs and prices. American alcohol and orange juice and other items are a 25 % tax in the list of Canadian items, and the list is developing. “
SISO weigh
Vinnie Polito, CEO of the Independent Performance Organizer Association (SISO), said tariffs should not be immediately affected at the trade exhibition. Polito said: “If the affected countries cannot be resolved, if the tariff increases to more than 25 % higher, it will have a negative impact because the exhibitors of the affected countries will begin to make other decisions on the location of the exhibition.”
Existing some optimism
“Part of my part is optimistic, because this is part of the larger negotiation strategy, and it will not continue for a long time.” Topalian said: “I think part of Trump’s strategy is to bring Canada and Mexico State/region’s national access to negotiation immigration and drug trafficking, this is a means of doing this. ”
If this tariff war continues, the incident may become more isolated. The area may increase. For example, Canadian activities may have a large Canadian attendance rate, and American activities may have a large basis for American attendance. “Topalian said.
