TORONTO, April 23, 2025 /CNW/ - The vast majority of Canadian agri-businesses (88%) say Canada should strengthen trade ties with other countries besides China and the U.S. due to rising trade tensions, finds new data by the Canadian Federation of Independent Business (CFIB).
China's retaliatory tariffs on Canadian agricultural and seafood products are affecting about a third (36%) of Canadian agricultural businesses, with nearly one in four (23%) taking a direct hit.
"While the focus has been on the U.S. tariff battle, Canadian agri-businesses have been even more deeply harmed by China's tariffs on canola oil, canola meal and peas, as well as certain pork, fish and seafood products. These producers need greater attention and support," stated Juliette Nicolaÿ, bilingual policy analyst at CFIB. "While about one in four agri-businesses have taken steps to mitigate tariff impacts, only 10% of agri-businesses say that governments have done enough to support affected firms."
CFIB is calling on government to take urgent action to push back against this unfair treatment and has sent a letter to the federal government, urging it to reduce the tax and regulatory burden on agri-business, ensure support programs properly address the scope of the current challenges and assist agri-businesses in navigating new markets.
"Both the U.S. and China represent significant markets for agri-businesses. Combined, these two countries represent more than half of Canada's canola exports. China is Canada's second largest fish and seafood export market. As a result of the trade disruptions, our agri-businesses risk having unsold inventory and some are already losing foreign buyers. They need clarity on how to move forward and plan their operations," said Jasmin Guénette, CFIB's Vice-President of National Affairs. "The government needs to turn its focus to supporting the agriculture industry and adopting policies to improve the business climate for Canada's SMEs."
Methodology
Your Voice – April 2025 survey – Launched April 10, 2025 (ongoing). Results as of April 21, based on 2,021 CFIB member responses. For comparison purposes, a probability sample with the same number of respondents would have a margin of error of ±2.2%, 19 times out of 20.
About CFIB
The Canadian Federation of Independent Business (CFIB) is Canada's largest association of small and medium-sized businesses with 100,000 members across every industry and region. CFIB is dedicated to increasing business owners' chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca.
SOURCE Canadian Federation of Independent Business
For media enquiries or interviews, please contact: Dariya Baiguzhiyeva, CFIB, 647-464-2814, [email protected]
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