How small businesses are handling the trade war

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. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.