Mayor Olivia Chow's tariff response plan aims to restrict procurement from American companies, allowing tax deferrals for affected industrial property owners. However, some city councillors, notably Josh Matlow, raised concerns about the plan's rushed implementation and its financial implications for taxpayers. With 10% of city contracts awarded to American firms and a total expenditure of $3.2 billion, there are worries about cost increases stemming from a reduced pool of bidders. This highlights the complexity and urgency of addressing the ongoing U.S.-Canada trade tensions.
"But I have concerns about how hastily this was done and really how it was put forward with how fluid the situation is."
"The city spent about $3.2 billion in total on suppliers in that time frame."
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