TFI International, a Canadian trucking company, is planning to relocate to the U.S. as more Canadian businesses consider shifting their operations in response to President Trump’s tariff threats, the Wall Street Journal reports. The company, which has been operating in the U.S. since 2011, already conducts about 70% of its business south of the border. CEO Alain Bédard stated that the move would better align the company with its “shareholder base and commercial presence.” The Trump administration’s proposed tariffs on Canadian imports are causing significant concern among Canadian businesses. Many companies are delaying expansion plans, putting hiring on hold or revising sales outlooks downward.
These reactions indicate how the proposed levies could potentially reshape cross-border supply chains. According to a recent survey by KPMG Canada, nearly half of the business leaders surveyed are planning to either shift investments to the U.S. or establish production operations there. This move is aimed at securing tariff-free access to the U.S. market and reducing costs considering the potential trade barriers.
