Tariff Response
Response to Tariffs Impacting Tourism in Simcoe County
In light of the recent tariffs imposed on Canadian goods and energy exports, we at Tourism Simcoe County want to address the potential impact on our local tourism industry. While these tariffs present challenges, they also offer opportunities for innovation and growth within our community.
Understanding the Impact
On March 4th, the US government implemented a broad 25% tariff on imported products of Canada, with the exception of Canadian energy products and energy resources, which will be tariffed at 10%. The tariffs may affect various aspects of our tourism sector, including the cost of goods and services, travel expenses, and overall visitor experience. We are committed to supporting our local businesses and ensuring that Simcoe County remains a top destination for tourists.
Potential Impacts on the Tourism Sector and Travel
- The trade conflict’s impact is expected to be widespread, though region-specific effects are difficult to assess at this stage.
- Early estimates from the Conference Board of Canada project that the US/Canada tariffs could result in a $8.2 billion decline in tourism’s GDP, and an employment decline of 176,800 workers should tariffs continue into the next eight quarters.
- Anecdotal evidence suggests the potential for negative sentiment for cross-border travel.
- US visitors account for over 70% of international tourists to Canada. A 10% reduction in travel could result in a loss of 1.5 million US visitors and 2 million fewer Canadians visiting the US.
“Made in Simcoe County” Program
We are proud to highlight our Made in Simcoe County program, run jointly by the County of Simcoe’s Economic Development Office (EDO), which promotes locally produced goods and services. This initiative not only supports our local economy but also enhances the visitor experience by showcasing the unique products and craftsmanship of Simcoe County. We encourage tourists to explore and support businesses that participate in the Made in Simcoe County program.
The County of Simcoe Economic Development Office
The Economic Development Office works to foster and build capacity for a regional approach to economic development activities. Our team works collaboratively with stakeholders and service providers to help businesses in the region thrive and grow.
Looking Ahead
Despite the challenges posed by tariffs, we remain optimistic about the future of tourism in Simcoe County. Our region’s natural beauty, rich cultural heritage, and vibrant communities continue to attract visitors from near and far. Together, we can navigate these changes and ensure that Simcoe County remains a thriving destination for all.
