How small businesses are handling the trade war
The DecibelPlay episode
Show notes
The 50-per-cent tariffs from the U.S. that came into effect on Aug. 22 are hitting a long list of goods — everything from cosmetics and toiletries, to electronics, clothing, and chemicals. For Canadian small businesses selling to the U.S., the levies are having a big impact already; a 50-per-cent tariff means that, for example, a wedding dress that costs $1,000 will now cost $1,500 overnight.
A survey from the Canadian Federation of Independent Business this summer, found that 40 per cent of its members would be affected by the tariffs; some expect to lose at least half of their revenue. Today, we hear from small business owners across Canada to get a sense of how they’re getting caught up between the U.S. tariffs and Canadian countertariffs.
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