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Businesses along U.S.-Canada border pin hopes on trade deal for economic stability

China

Businesses along U.S.-Canada border pin hopes on trade deal for economic stability
China

China

Businesses along U.S.-Canada border pin hopes on trade deal for economic stability

2025-08-07 17:28 Last Updated At:23:47

Businesses along the U.S.-Canada border are eagerly anticipating a trade deal that could bring long-term stability and foster economic growth.

Despite benefiting from protections under the United States-Mexico-Canada Agreement (USMCA), ongoing trade talks and a review clause next year have created uncertainty for many growers.

President Donald Trump signed an executive order at the end of last month, imposing a 35-percent tariff on Canadian goods excluded from the USMCA. This policy change has further compounded challenges for exporters relying on cross-border commerce.

In Ontario, home to North America's largest concentration of greenhouses, vegetable growers are facing rising costs and an uncertain future. Ontario's "greenhouse alley," which produces nearly 650 million kilograms of tomatoes, cucumbers, and peppers annually in an industry worth billions of dollars, plays a vital role in exports to the U.S.

Richard Lee, executive director of Ontario Greenhouse Vegetable Growers, noted that unstable trade conditions are discouraging significant investments.

"We rely on the U.S. market. We export over 85 percent of our product currently. As much as we export into the United States, agricultural products, fresh fruit and vegetables, we rely heavily on the U.S. to supplement Canada," said Lee.

Growers are already facing low commodity prices and rising production costs, in part due to the retaliatory tariffs that Canada has imposed on U.S. goods.

For now, Canadian produce remains exempt from tariffs under the USMCA. However, with the agreement's review clause approaching next year, growers remain cautious about future trade conditions. Lee highlighted how this uncertainty has made businesses reluctant to pursue new investments.

The ongoing tariff dispute has also sparked unintended consequences, including a rise in local support for Canadian products. The Buy Canada movement encouraged many Canadians to boycott U.S. goods, and some provinces, including Ontario, even removed U.S. alcohol from their shelves. "I think our industry has been impacted much the way many Canadian businesses have, where we're seeing an outpouring of support for all local businesses. Just like so many other small Canadian businesses in our area, are seeing just such a boost," said Andrew Wilson, a winemaker at Oxley Estate Winery. This shift has brought new opportunities for Canada's domestic wine industry. "My hope is only to see it continue to grow within Canada. We are a huge country with so much potential and some of the best agriculture in the whole world. I think we're really just starting with Canadian wine," Wilson said.

Despite the tariff turbulence, the resilience of both U.S. and Canadian economies offers hope. Businesses across the border remain optimistic that a trade deal will soon bring lasting stability and renewed opportunities.

Businesses along U.S.-Canada border pin hopes on trade deal for economic stability

Businesses along U.S.-Canada border pin hopes on trade deal for economic stability

China and Canada should work together to promote the stable, healthy and sustainable development of bilateral economic and trade relations, Chinese Vice Premier He Lifeng said in Beijing on Friday.

He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks while attending the Canada-China Trade and Investment Banquet together with the visiting Canadian Prime Minister Mark Carney.

Speaking at the event, He said that under the strategic guidance of the important consensus reached by their leaders, China and Canada should adhere to the principles of mutual respect, peaceful coexistence, win-win cooperation, and mutual success, and jointly promote the stable, healthy, and sustainable development of bilateral economic and trade relations.

China is steadfastly expanding high-standard opening up, continuously developing new quality productive forces, and is willing to work with countries around the world, including Canada, to create new prospects for cooperation, said He.

Carney noted at the banquet that China is Canada's second-largest trading partner and said Canada looks forward to strengthening high-level exchanges with China, making full use of dialogue mechanisms in areas such as the economy and trade, and deepening cooperation in trade, agriculture, energy and other fields.

Carney arrived in Beijing on Wednesday to begin a four-day official visit to China, marking the first trip to the country by a Canadian prime minister in eight years.

China, Canada should work together for stable, healthy, sustainable economic ties: Vice Premier

China, Canada should work together for stable, healthy, sustainable economic ties: Vice Premier

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