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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…
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