business

Canadian rates hurt small businesses. However, many still support star-news.press/wp

Troyhann Santos verifies the final list of federal government and makes a crushing discovery. Starting immediately, it will pay 25 percent to lacrosse equipment, on Lax Shack, Pickering, ont.

“To make it a blow to something like that,” Santos said. “The little punch is awesome.”

Billion There are thousands of dollars and jobs in line with Canadian companies along with US President Trump Rates, the largest part of the established in force on April 2.

Now, some businesses caused by Trump’s fares will not harm the trade war, because the goods that import from the US are being knocked with Canadian tariffs.

The problem is especially concerned with small businesses, often do not have deep pockets to help the storm weather.

Last week, the federal government established 25 percent revenge rates, worth $ 30 million worth of American goods, such as many types of food and appliances.

Troyhann Santos is Lax Shack, Lacrosse Equipment Store in Pickering, Ont. The goods sold at the store will mostly cause 25 percent perfections. (CBC / Laura McNaughton)

On Thursday, Trump after establishing rates on steel and aluminum exports, Canada retreated With more rates, this time $ 29.8 billion goods. Objectives US steel, aluminum, some electronics and unfortunately Santos – sports equipment.

It sells almost all Lacrosse gears, sticks, balls and networks, imported from the US

“We have a shipment that enters every day, so that will immediately affect us,” Santos said. “We will need to increase our prices to reflect 25 percent increase.”

Not the only small business caught in the cross.

Cluck Clucks, a small but growing fast food chain in the Toronto area.

Each cluck clucks need six to eight deep fried to serve his specialty: fried chicken.

Two deep fryers
Cluck deep fryers cost 27,000 dollars, they are steel and sent from the US (Laura McNaughton / CBC)

Fryers have been $ 27,000, as they are sent from the US, as the Canadian rates include steel culinary tools, Cluck Clucks believes that it will pay more than 25% of each new purchase.

“We hope our costs significantly rise,” Raza Hashime said, CLUCK Clucks’s CEO. “So in general, it’s not a good situation for us.”

Canada does not manufacture deep fryers, so it cannot solve the problem by changing the home supplier.

Small businesses support counter-tariffs

The Canadian Federation of Independent Business (CFIB) says many small businesses can cause adverse rates. SURBEDITED FEDERATION 2,500 independent businesses in the last month and almost half (47%) said they import goods from the US

“They’re very worried,” he said Simon GaudreaultCFIB’s main economist. “We are talking about 25 percent of the 25 percent counter tariffs to add important cost pressure on business. Some of them are very thin margins.”

Gaudreul says owners can cover costs that can raise prices, but do so can have less competitive.

“So they are stuck between rocks and hard places.”

Clock Canadian fare hurts small businesses, but many still support: htpsps: //www.youtube.com/watch? v = pt4zbf0vjsm

The CFIB questionnaire also revealed Gaudeault: Despite the concerns about the opposite fares, the three quarters of the companies surveyed said they accept the Canadian decision.

“I think I think something comes from a sense that needs to be done … Don’t lie down, and let’s all want the US administration,” Gaudreul said.

Cluck Clucks will probably have higher costs each time it opens a new place, the restaurant is located next to the opposite tariffs.

“It’s for the best of the whole country,” hashim said in a collection of Cluck. “As a citizen, as a naturalized citizen, we will bite the bullet for the country taken by our country.”

In the Lacrosse store, however, Santos reveals that it is a fence about the opposing fares that will affect most of the goods sold in his store.

“Canada want to stand for them and I’m proud of Canadian,” he said.

“But on the other side, these prices rises were also hurt us.”

2025-03-16 08:00:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button