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“Higher U.S. tariffs on Chinese goods may cause Chinese companies to dump them into third-country markets, including Canada,” said Business Council of British Columbia executive vice-president Jock Finlayson.
“This would hurt Canadian firms that produce similar goods.”
He said that there is one potential upside for Canada.
“If China ends up buying fewer goods and services from U.S. suppliers, such as the agri-food sector, but also in industries like energy and tourism, it is possible that Canadian companies could benefit by replacing the U.S. as a supplier of Chinese imports. However, the fact that Canada is embroiled in its own serious disputes with China makes this scenario less likely.”
