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Canadian small businesses brace for revenue drops and price hikes due to U.S. tariffs.
Canadian small businesses face potential revenue drops and higher prices due to escalating U.S.-Canada tariffs.
A Merchant Growth survey of over 200 businesses shows that 64% expect prices to rise and 51% foresee a revenue fall.
With the U.S. imposing 25% tariffs on Canadian steel and aluminum, and planning further tariffs on vehicles, over half of businesses expect significant impacts within six months, and 32% within a month.
Merchant Growth urges businesses to diversify and reassess supply chains to mitigate impacts.
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Las pequeñas empresas canadienses se preparan para bajar los ingresos y subir los precios debido a los aranceles estadounidenses.