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Impending U.S. tariffs worrying small businesses even more than past threats: CFIB
Dan Kelly says the threat targets the core revenue of 103,000 members and could force layoffs or closures if Canada cannot reach a deal.
- On Wednesday, the United States is set to impose 50 per cent tariffs on Canadian exports including honey, alcohol, and hockey sticks, marking a significant escalation in trade tensions under President Donald Trump's administration.
- Trade negotiations between Canada and Washington remain stalled as officials refuse to end provincial bans on U.S. alcohol, while Canada's push for tariff relief on lumber is blocked. These duties threaten trade typically exempt under the Canada-U.S.-Mexico Agreement .
- Small businesses including Northern Cables and Gull Lake Honey face potential losses of up to 50 per cent of their revenue. Todd Stafford, president of Northern Cables, warned that "we can't have a single tractor-trailer cross the border" if tariffs take effect.
- Jewelry business owner Cindy Baldassi has already suspended U.S. shipping on her website and Etsy shop. She is adding 50 per cent to prices on substantial items to prepare for the tariffs taking effect.
- The Canadian Federation of Independent Business warns the tariff threat targets the heart of its 103,000 members. President Dan Kelly says businesses are hoping for a last-minute deal or extension to avoid significant operational disruption.
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12 Articles
12 Articles
The President of the Canadian Federation of Independent Business (CFIB) began his Tuesday day by receiving an upsetting email from one of the association's 103,000 members.
·Montreal, Canada
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From cable makers to honey farmers, small businesses anxiously stare down impending 50% tariffs
The new slate of tariffs are set to hit a range of industries, ranging from lumber to electronics, manufacturing to dairy. Regardless of the sector, these small business owners fear the new levies will take a massive bite out of their cross-border sales.
·Ottawa, Canada
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Total News Sources12
Leaning Left7Leaning Right0Center4Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 36%
Factuality
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