SURREY – The Surrey Board of Trade is closely monitoring the implications of Donald Trump’s inauguration as US President, particularly in light of renewed rhetoric around protectionist policies and tariffs. Recognizing the potential challenges this could pose to Surrey’s economy, BC’s industries, and Canada’s broader trade relationships, the SBOT is launching a follow-up survey to gather critical insights from businesses.
“Surrey businesses are uniquely positioned on the border, with many directly relying on US markets. Understanding how these potential tariff threats could disrupt supply chains and trade is essential to safeguarding local jobs and our economy,” said Jasroop Gosal, Interim Spokesperson and Policy & Research Manager at the Surrey Board of Trade. “Surrey is Canada’s gateway to the Asia-Pacific and a hub of cross-border commerce. The Surrey Board of Trade is committed to proactive advocacy that ensures businesses in Surrey and across BC remain resilient in the face of trade uncertainty.”
The survey asks businesses:
- Which companies they sell their products to—with a focus on identifying US clients and partners.
- How they are preparing to respond to tariffs and what their strategies might include.
- The specific impacts tariffs could have on their business—including data and examples to paint a clearer picture of the challenges ahead.
- Recommendations for federal government action outside of retaliatory tariffs, such as tax relief measures, providing supply chain support, and programs like work-sharing, which helps employers and employees avoid layoffs during economic downturns.
The SBOT aims to use this data to connect with key US companies, facilitating discussions about the potential implications of tariffs on both sides of the border.
In addition, the SBOT is planning cross-border delegation visits to meet with US businesses and stakeholders. These visits will pursue meaningful dialogue and collaboration, ensuring that Surrey companies maintain strong trade relationships and that US partners understand the mutual economic harm of tariffs.
At the national level, the SBOT emphasizes the need for Canada to adopt a strategic approach. “Retaliatory tariffs are not the only solution. The Federal Government must consider tax relief measures, supply chain support, and proactive programs to protect businesses and their workers. Our survey findings will provide actionable insights to guide these policy recommendations,” Gosal explained.
With Surrey as a key contributor to BC’s and Canada’s economies, the Surrey Board of Trade is taking bold steps to protect local businesses and mitigate the impact of US trade policies.
Businesses can share their perspectives through this survey link: https://www.surveymonkey.com/r/8MNRPGV
Jasroop Gosal is the Interim Spokesperson and Policy & Research Manager for the Surrey Board of Trade