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Small businesses at front lines of the tariff war, as many lose sales
Small exporters are pausing U.S. orders and raising prices as 50% duties hit goods from textiles to jewelry, business owners said.
U.S. President Donald Trump imposed 50 per cent tariffs on billions of dollars of Canadian goods over the weekend, prompting Prime Minister Mark Carney to announce Canada will match the levies dollar-for-dollar starting next month.
Carney ended trade talks Saturday, citing a "bad deal" that threatened Canada's trade autonomy and protections for the French language, escalating the economic standoff between the nations.
Toronto-Based Miniprints owner Bernard Hellen reported about 50 order cancellations in one morning, while jewelry maker Cindy Baldassi added $17.50 to $35 earrings to cover the tariff cost for American customers.
Brampton-Based artist David Irvine halted U.S. shipments representing 85 per cent of his Gnarled Branch sales, while Port Coquitlam-based S & K Collective reported a surge in domestic orders from Canadian shoppers.
Business owners are demanding reciprocal tariffs and COVID-style supports from federal and provincial leaders, with Hellen stating, "Small business is on the front lines here, and we are fighting the battle.