CFLA Statement on U.S Tariffs
TM - March 4, 2025 - Featured Content Area
Today's tariff announcements coming out of Washington, have dramatically grown the challenges facing Canadians. The U.S. tariffs on vehicles and equipment, in particular, threaten to disrupt the tightly connected North American supply chain, leading to a slowdown in production, rising prices, and significant job losses across the continent.
This new economic paradigm only means that Canadian solutions to Canadian problems are now needed more than ever. Immediate action to lift these tariffs is crucial not only to mitigate their damaging effects but also to ensure the stability of the industry and protect Canadian jobs. The urgency of this moment calls for bold steps to safeguard Canada’s economic future. We come together at this pivotal moment to rethink how we can support, invest in, and champion Canadian productivity and innovation.
The Canadian Finance & Leasing Association stands ready to serve as a gathering place for people, ideas, and best practices. The asset-backed financing, vehicle and equipment leasing industry will continue to provide the (financial) rocket fuel for Canadian businesses big and small from coast to coast to coast.
Let’s roll up our sleeves and get to work—together, we can make a collective impact for Canadian prosperity.