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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.
Citing a "bad deal" that threatened Canada's trade autonomy and protections for the French language, Carney called off trade negotiations Saturday, escalating tensions between the two nations.
Small exporters face immediate financial strain, with Toronto-based Miniprints owner Hellen reporting about 50 order cancellations in one morning and jewelry maker Cindy Baldassi adding $17.50 to $35 earrings to cover the tax.
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.
Business owners are urging federal and provincial leaders for reciprocal measures and COVID-style supports, with Hellen stating, "Small business is on the front lines here, and we are fighting the battle.