Stories

Mon, 24 Aug 2026

Mon, 24 Aug 2026 'Half my business will be gone' - firms in Canada and US fear trade war

Business owners in both countries are navigating uncertainty and worry as the tit-for-tat import taxes ratchet up.

* Cindy Baldassi's jewelry company, which relies heavily on American buyers, expects most of its sales to be wiped out due to the tariffs.
* Canadian Prime Minister Justin Trudeau has pledged to impose matching tariffs starting September 8, impacting various industries such as wine and craft shops near the border.
* Some businesses are reporting a decline in customers from Canada due to the tariff war and anti-Canadian rhetoric from US politicians.
* The situation is expected to worsen before it gets better, with some experts predicting years of strained relations between the two countries.