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.
Handling millions of tonnes of cargo annually, the Delta Super Port supports a wide range of industries, including agriculture, manufacturing, and retail.
Tariffs, or taxes imposed on imported goods, can have a significant impact on small to medium-sized businesses (SMBs) by raising production costs and disrupting supply chains.
There are two main types of tariffs: ad valorem and specific tariffs. Ad valorem tariffs are calculated as a percentage of the item's value (e.g., a 10% tax on the import price).