CBC·3 min read·medium

Canada's new tariffs: Are small businesses 'cannon fodder' in the trade war?

Canada's new tariffs: Are small businesses 'cannon fodder' in the trade war?
AI Summary

Canada has implemented dollar-for-dollar tariffs on $28 billion worth of U.S. goods in response to U.S. levies on Canadian products. Small business owners express concern that they are being treated as 'cannon fodder' in the escalating trade war between the two nations.

Why it matters

This trade dispute highlights the economic strain placed on small and medium-sized enterprises when national governments engage in retaliatory trade policies.

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September 7 | Duration 6:11 As Canada's counter-tariffs on U.S. products come into effect, some small-business owners say that while they understand the urge to fight, they’ll take a major blow from these levies. For The National, CBC's Nick Purdon hears from business owners trying to survive more tariffs, which one advocate calls 'economic chemotherapy.' Social Sharing Canadian businesses are opening Tuesday for the first time under the federal government's new dollar-for-dollar tariffs on $28 billion worth of U.S. imports. As many owners brace for higher costs and supply-chain issues, experts say consumers may not notice much impact.

The new levies took effect at 12:01 a.m. Tuesday, hitting nearly 700 American products at rates ranging from 15 per cent to 50 per cent. Affected items range from commodities such as steel and aluminum to household goods such as toilet paper and niche products including coin-operated arcade games.

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