Between January 7 and 14, the AIEQ surveyed its members to understand the potential repercussions of the new tariffs imposed by the US administration. The results show a high level of concern and highlight critical issues for our industry:
- 70% of companies say they are very concerned about the potential impact of these tariffs on their exports to the USA.
- 50% of companies anticipate a drop in sales, and nearly 60% say that a 10% tariff would lead to layoffs.
- Nearly 50% plan to adjust their production (cut back, postpone, relocate).
- 60% of companies say it would be impossible to redirect sales to other markets.
- A large majority also fear negative impacts if Canada were to impose counter-tariffs on American products.
Industry solutions :
✔️ Promote the purchase of Quebec and Canadian products and services on the local market
✔️ Facilitate interprovincial trade
Collective mobilization:
Over 70% of companies expressed their willingness to take part in a forum bringing together industry players to discuss these challenges and identify collective solutions.
These results highlight the need for concerted action to protect the competitiveness of our industry. The AIEQ remains mobilized to support its members and defend their interests in this unstable economic context.
Survey Results: The Impact of U.S. Tariffs on Quebec's Electrical Industry
Between January 7 and 14, the AIEQ surveyed its members to assess the potential repercussions of new tariffs imposed by the U.S. administration. The results reveal significant concerns and highlight critical issues for the industry:
- 70% of companies express strong concerns about the potential impact of these tariffs on their exports to the United States.
- 50% of companies anticipate a decline in revenue, and nearly 60% report that a 10% tariff would lead to layoffs.
- Almost 50% plan to adjust their production (reduce, postpone, or relocate operations).
- 60% of companies state that redirecting sales to other markets would be impossible.
- A large majority also fears negative impacts if Canada were to impose retaliatory tariffs on American products.
Proposed Industry Solutions:
✔️ Promote the purchase of Quebec and Canadian products and services on the local market
✔️ Facilitate interprovincial trade
Collective Mobilization:
Over 70% of companies have expressed interest in participating in a forum gathering industry stakeholders to discuss these challenges and identify collective solutions.
These results highlight the urgent need for coordinated action to protect the industry's competitiveness. The AIEQ remains committed to supporting its members and advocating for their interests in this unstable economic environment.