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 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.
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.
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.
