Statement from the Chemistry Industry Association of Canada on the Implementation of Tariffs  

March 04, 2025

The Chemistry Industry Association of Canada (CIAC) is deeply concerned about the implementation of tariffs on Canadian imports by the United States which cause economic and social challenges on both sides of the border. The two countries have maintained a robust and mutually beneficial trade relationship for decades, supporting millions of jobs and ensuring the secure flow of goods across the border—an essential component of both nations’ economic well-being. 

“Tariffs are taxes and costs will rise, with consumers and businesses alike shouldering the weight of these tariffs at a time when cost-of-living is already high in both countries,” said Greg Moffatt, CIAC President and CEO. “While a tariff and policy response from Canada is warranted, we must not lose sight of the pressing need to future-proof our economy.” 

While strengthening a secure and longstanding trade relationship is important, Canada must prepare itself for a dynamic economic future.  Canada needs a competitiveness framework specifically designed to attract investment and stimulate economic growth. CIAC urges the federal and provincial governments to prioritize the following strategic initiatives: 

  • Comprehensive Tax and Regulatory Reform: Canada must implement pro-growth tax and regulatory policies that attract investment, encourage innovation, and drive economic expansion. 
  • Critical Trade Infrastructure Investments: Strengthening infrastructure, including ports, rail, and road networks, is essential for maintaining Canada’s position as a reliable trading partner. 
  • Labour Stability: Ongoing labor disruptions have damaged Canada’s reputation as a dependable supplier. Addressing labor stability is crucial for ensuring continued economic resilience. 
  • Diversification of Trade Markets: Expanding into new markets beyond North America—both east and west—is vital for economic growth and long-term prosperity. 

“Increasing our economic competitiveness should be the guiding principle for all policy actions in the weeks and months ahead. We need all stakeholders in Canada to recognize and address the gravity of the changing economic landscape,” concluded Mr. Moffatt. 

CIAC urges the federal and provincial governments to prioritize competitiveness and the need to future-proof our economy. The time to act is now.