A partner with Polar Pork expects the imposition of an across-the-board 25 percent tariff on U.S. imports from Canada and Mexico to have a devastating impact on all of Canadian agriculture. The United States is Canada's largest importer of processed pork products and the only importer of live Canadian hogs, accounting for five million plus live hogs per year.
Florian Possberg, a partner with Polar Pork, says we seem to have a dysfunctional federal government right now and the turmoil in Ottawa puts Canada in a weaker position than it should be.
Quote-Florian Possberg-Polar Pork:
Definitely the elephant in the room is the 25 percent tariff that Donald Trump, the new President in the U.S. has said he's going to apply across the board on imports from Canada and Mexico. He claims to have the executive orders already written up and ready to go when he's inaugurated on January 20th. That definitely would have a major impact on not only our industry but the whole Canadian economy.