Tariffs

Though still weeks from being potentially enacted, the threatened 25% blanket tariff on all Canadian goods entering the U.S. is causing some Canadian-based owner-breeders to sound the alarm about the possible impacts to their businesses and to the country's broader industry. "For us, it could be the end of the industry. Period," warned Yvonne Schwabe, the owner of Persley Den Farms in Acton, Ontario, and the breeder of 2013 Queen's Plate winner Midnight Aria. "That's the scary part." As currently outlined, the tariffs are scheduled to go into effect on...

In anticipation of the 25% blanket tariff on all Canadian goods entering the U.S. expected to be enacted April 2, the Canadian Thoroughbred Horse Society (CTHS) has issued an advisory to its members, aiming to provide some clarity to a fluctuating and often confusing situation. Already this week, the U.S. government enacted a 25% tariff on Canadian steel and metal imports. "This could very well change at any moment given whatever the will of the president is," warned Tom Rooney, president and chief executive officer (CEO) of the National Thoroughbred...