U.S. Businesses Brace for 50% Tariffs on $28 Billion in Canadian Goods
Updated
Updated · CBC Sports · Aug 18
U.S. Businesses Brace for 50% Tariffs on $28 Billion in Canadian Goods
3 articles · Updated · CBC Sports · Aug 18
Summary
U.S. importers say a sustained 50% tariff would force them to drop long-standing Canadian suppliers, even after months of absorbing costs through lower margins and higher prices.
Formaggio Kitchen in Massachusetts said Canadian products make up roughly 15% of its imported stock, and owner Julia Hallman has already stockpiled non-perishables ahead of the Wednesday deadline.
Virginia furniture retailer LaDIFF said it may also have to shift away from Ontario and Quebec suppliers despite one partner, Amisco, temporarily offering to share tariff costs.
The threatened levies would hit $28 billion worth of Canadian goods just after midnight unless last-minute talks produce a deal; Washington is pressing Canada to end provincial bans on U.S. alcohol.
Mark Carney and Donald Trump discussed the dispute Monday, but negotiators still appeared stuck, leaving businesses on both sides of the border bracing for disrupted trade ties.