Tariffs and trade tensions dominate headlines in Canada, the U.S., and globally, leaving small businesses to adapt to rising costs, uncertain demand, and shifting supply chains. Today’s roundup highlights the resilience—and pressure—facing entrepreneurs in a turbulent 2025.
Tariffs and trade tensions dominate headlines in Canada, the U.S., and globally, leaving small businesses to adapt to rising costs, uncertain demand, and shifting supply chains. Today’s roundup highlights the resilience—and pressure—facing entrepreneurs in a turbulent 2025.
Canadian exporters of low-value goods to the U.S. face new uncertainty as changes to the American de minimis exemption threaten to raise costs and reduce cross-border competitiveness.
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).
Tariffs can have significant implications. While they may benefit specific domestic industries, they can also increase costs for consumers and businesses relying on imported goods.
