As Hannover Messe showcases innovations in robotics, mechanical engineering, and energy, discussions revolve around US President Donald Trump’s recently announced tariffs, which have sparked significant concern. With over 4,000 exhibitors from 60 countries participating, the event highlights the global impact of US trade policies. Tariffs include a 10% baseline on imports to the US and higher rates for countries with trade deficits. Canadian manufacturing leaders express shock, noting Canada's heavy reliance on US products, as the conversation continues about the future of international trade relationships amid these changes.
"So, that was a real shock," said Next Generation Manufacturing Canada CEO Jayson Myers in Hanover. Canada buys more goods from the US than China, Japan, France and the UK combined.
Trump spoke of 'reciprocal' tariffs, meaning that the US would match the tariffs on imports levied by its trading partners on US products.
Some 4,000 exhibitors from 60 countries have gathered this week at one of the world's largest trade fairs to present their innovations in the fields of robotics, mechanical engineering, drive technology and energy production.
Though he is not in Hanover, Donald Trump is omnipresent. He and his tariff plans are the number one topic of conversation, as people speculate on what they mean for the future of global trade.
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