U.S. Tariff Survey for BC Businesses 2025

President Trump’s proposal to impose a 25% tariff on all Canadian imports, set to take effect on March 4th, could have serious implications for the Canadian and B.C. economies. According to the B.C. government, these tariffs could result in a cumulative loss of $69 billion in economic activity across the province from 2025 to 2028.

The Burnaby Board of Trade wants to understand how this could impact your business. Even if the full effects are hard to predict, your experiences, concerns, and ideas on how B.C. can navigate this potential challenge are incredibly valuable.

We invite you to share your thoughts by completing the survey below. Your feedback will help us advocate effectively for our business community.

1.Please provide the name of the individual completing this form:

2.What is Your E-mail Address?

3.Your Company Name?

4.What sector does your company operate in?

5.How would you describe your organization’s readiness to respond to the 25% potential tariff increases?

Completely ready with detailed action plans in place

Somewhat ready with preliminary strategies being considered

Limited readiness, keeping a close watch on developments

Not currently taking any specific preparatory steps

6.If 25% tariffs are introduced, which strategies would your organization most likely pursue?

Relocating operations to the U.S. to reduce tariff exposure

Adjusting pricing strategies (e.g., passing costs to U.S. customers)

Sourcing more products or materials locally

Expanding your network of international suppliers

Absorbing additional costs within current budgets

Renegotiating international supply agreements

7.How would a 25% U.S. tariff on Canadian imports affect your company’s export activities to the United States?

8.How will the proposed tariff affect your company’s workforce in B.C.?
Please select all that apply.

Limiting new hiring opportunities

Decrease in employee hours

Layoffs or job reductions

Other (please specify)

9.Do you agree with implementing retaliatory tariffs as a response?

Yes

Unsure

10.What assistance or resources from the Burnaby Board of Trade or government would help your business manage the effects of U.S. tariffs?

11.What measures would you like the federal or provincial government to take in response to U.S. tariffs?

12.Are there any additional impacts or concerns you would like to share with us?