Chamber statement regarding new tariffs on Canada

FOR IMMEDIATE RELEASE

October 25, 2025

Statement by Jessica Walker, President & CEO of the Manhattan Chamber of Commerce, on New Tariffs on Canada

"The administration’s announcement today of yet another 10% tariff on Canada is a deeply alarming and counterproductive move that will be felt directly by New York’s small businesses and consumers.

Since the 'Liberation Day' tariffs were first announced in April, our members—the restaurateurs, retailers, and hoteliers who are the backbone of Manhattan’s economy—have faced crippling uncertainty and soaring costs. This new, impulsive tariff on our nation's closest ally only adds fuel to the fire.

Canada is not just a trading partner; it is our largest international tourism market. This policy simultaneously raises costs for businesses and discourages the very visitors we rely on to support our economy.

This constant volatility is not a viable economic strategy. It is a tax on our local businesses and a direct threat to our city’s economic recovery. When New York’s economy, which accounts for 8% of the nation's GDP, is harmed, the entire country feels the impact.

We urge the administration to reverse this decision, end this chaotic approach to trade policy, and work with our allies to provide the stability our businesses desperately need."