The most recent announcement by U.S. President Donald Trump regarding new tariffs has created significant uncertainty for businesses across Canada, including here in Summerside. We understand that this development may raise concerns for your operations, supply chains, and strategic planning.
At the Greater Summerside Chamber of Commerce, we are closely monitoring the situation in coordination with the Atlantic Chamber of Commerce, provincial chambers, and the Canadian Chamber of Commerce. Our priority is to keep you informed, supported, and connected to the right resources during this evolving situation.
Key Updates & Actions for Your Business:
- Diversify Your Market – Market Entry Development Program
If your business is looking to expand beyond the U.S. market, the Atlantic Chamber’s Market Entry Development Program can support your efforts to explore opportunities in the EU and Indo-Pacific regions.
Learn more: Market Development Program - Strengthen Local Resilience – Support “Made in Canada” Initiatives
Now is a crucial time to encourage local purchasing. If your business is part of or can benefit from local campaigns, consider leveraging the Made in Canada platform.
Explore here: Made in Canada - Economic Insights – RBC Global Asset Management
To help you navigate the financial implications of these tariffs, RBC Global Asset Management prepared an insightful article attached and podcast link below, offering expert analysis on potential market impacts and strategies.
Podcast: The tariff effect: What’s next for the North American economy?
- Provincial & Federal Updates
- PEI Government’s Response: Premier King’s Statement
- Federal Government Update: CBC Federal Coverage
- Canadian Chamber of Commerce Update: Canadian Chamber Response
What’s Next?
The Atlantic Chamber is actively engaging with provincial governments, including PEI, to discuss next steps. We are committed to advocating on your behalf and will share further updates as they become available.
If you have immediate concerns or questions about how these tariffs could affect your business, please do not hesitate to reach out. We’re here to support you.