In 2024, the trade of goods between the U.S. and Canada reached $762.1 billion. Over three-quarters of Canadian exports went to the U.S., while nearly half of U.S. imports came from Canada. Starting in March, the U.S. imposed a 10% tariff on Canadian energy and 25% tariffs on other Canadian and Mexican imports. A 25% tariff on vehicles not assembled in the U.S. also took effect, impacting Canada and Mexico. Additionally, a 25% tariff on auto parts is scheduled for next month. The Canadian Federation of Independent Business (CFIB), representing over 100,000 small businesses across 12 of Canada’s 13 provinces and territories, reported that about half of its members are directly involved in U.S. trade. A late March survey showed more than a quarter of CFIB members observed increased demand for Canadian products. Over half of the surveyed businesses viewed the U.S. as an unreliable trading partner.
Stacy Mitchell
@stacyfmitchell
·
Apr 16 Small businesses deserve certainty? What a thing to say as thousands of small businesses teeter on the verge of collapse because of sky-high, sledge-hammer tariffs adopted overnight with zero opportunity to adjust. (Meanwhile your big competitors get exemptions.)
House Committee on Small Business Democrats
@HSBCDems
·
Apr 16 Trump’s tariffs are spiking prices, scuttling plans, and threatening jobs.88% of small firms rely on imports. This trade war will push them to the brink.Today, RM
@NydiaVelazquez
led 68 House Dems in calling on the Trump admin to do more to protect American small businesses.
CathyNotToday2
@Cathy2NotToday
·
Apr 16 WowThis is the reality of trump tariffs on SMALL businessKudos to this woman for having the stones to fight Trump directly ..Small businesses simply cannot absorb the added tariffs that will result in failures and layoffs of employees
American Bridge 21st Century
@American_Bridge
·
Apr 17 “I think everybody’s just feeling shaky and it’s not a good feeling.”Small business owners say they are already feeling the impact of Trump’s tariffs.“Just this morning, she got a call from one of the vendors who informed her about a 35% increase due to the tariffs.”
Nothing To See Here
@TylerHardt
·
Apr 14 The tariffs are debilitating to lots of small businesses. They are going to pause investments and are likely going to have to lay off workers to manage tariffs. This will lead to recession in Q2. Below is an account from a Shoe importer.
@DiMartinoBooth
China Daily
@ChinaDaily
·
Apr 15 #MediaFocus Small business owners in the #US are being squeezed by the #tariff policy! In an article on National Public Radio, a South Carolina business owner Rozalynn Goodwin said the tariffs had increased sixfold, making the cost of just the import tax higher than the value of
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