U.S. Tariffs Threaten Canadian Exporters | Toronto News

New U.S. tariff proposals threaten Canadian exporters, potentially slapping a 50% tax on goods that should be tariff-free under CUSMA. Two in five U.S.-bound Canadian businesses are already feeling the squeeze, with over three-quarters expecting serious revenue drops—more than a third bracing for at least 50% income loss. Small and mid-sized firms, from Ontario art studios to B.C. lumber mills, face crippling financial shocks as they scramble to adapt or find new markets. Industries like machinery, wood, plastics, agri-products, and creative arts are most vulnerable. With implementation looming, Canadian SMEs are watching Washington closely, hoping for a last-minute reprieve before their livelihoods unravel. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/76ff0f5516b27f00