The Tariff Edition by WBN News delivers daily, fact-checked updates on global tariffs, trade wars, and their impact on small businesses. Expert analysis and insights. Publisher – Rob Arthurs
Tariffs are hitting small businesses in Canada, the U.S., and worldwide, forcing owners to adapt to rising costs and supply chain chaos. Today’s top stories reveal the pressures and resilience of entrepreneurs in a turbulent 2025.
China has imposed a 100% tariff on imports of Canadian canola oil and related products, effective March 20, 2025. This move is widely viewed as retaliation against Canada's earlier decision to levy substantial tariffs on Chinese electric vehicles (EVs), steel, and aluminum. Let's talk about it.
Tariffs can have a significant impact on supply chains, costs, and market access. By optimizing domestic opportunities, Canadian businesses can reduce reliance on foreign markets, enhance supply chain resilience, and drive economic growth within the country. Let's talk about it.
By accessing strategic funding, businesses can invest in local production, optimize supply chains, and reduce dependency on volatile global markets. Let's talk about it.
Despite the Canadian Free Trade Agreement (CFTA) and ongoing efforts to reduce trade barriers, regulatory differences and hidden tariffs continue to hinder economic growth between the provinces. Let's talk about it.
On February 1, 2025, President Donald Trump imposed a 25% tariff on all Canadian imports, excluding energy products, which are subject to a 10% tariff. This action has prompted Canada to respond with equivalent tariffs on U.S. goods, intensifying the trade dispute between the two nations.
The imposition of 25% tariffs on Canadian goods during the Trump administration may have created temporary friction, but Canada remains steadfast, buoyed by its extraordinary self-sufficiency and resource wealth.
