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How U.S. Tariff Hikes Threaten Small Businesses Across Borders
Description
The U.S. government raised tariffs to 35 percent, prompting the Canadian Federation of Independent Business to warn that the move will negatively affect small businesses in both countries. Most Canadian exports remain tariff-free under CUSMA and USMCA, but ongoing uncertainty is causing businesses to delay decisions on layoffs and downsizing. CFIB urges the Canadian government to release funds collected from retaliatory tariffs and proposes temporary tax relief or tariff rebates to support small businesses. The organization highlights unresolved trade issues and the resulting instability for business planning.
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