Even with tariffs slashed from a staggering 145%, small businesses caught in the whirlwind of US-China trade tensions are still grappling with formidable challenges. Experts caution that the persistent uncertainty and rising costs are putting immense pressure on their operations and pricing strategies.
Border towns between the US and Canada are grappling with tough economic hurdles as the lasting effects of Trump’s trade war continue to ripple through their communities. Local businesses, once thriving on cross-border traffic, are now witnessing a sharp decline in customers and facing soaring tariffs, resulting in considerable financial strain.
US orders from Chinese small businesses face delays as Trump-era tariffs continue to impact trade relations. The hold on these imports underscores ongoing economic tensions, affecting suppliers and pricing in the global market.
In a recent escalation of trade tensions, Trump’s proposed tariffs on Chinese goods are set to significantly impact ‘Main Street’ U.S. businesses that rely on Amazon. Experts warn that increased costs could crush small retailers struggling to compete.
The Canada Digital Adoption Program (CDAP) aims to enhance digital capabilities among Canadian businesses. By providing resources, funding, and training, the initiative supports companies in adopting new technologies, fostering innovation and economic growth across the nation.
