The U.S. has imposed 25% tariffs on Canadian goods and 10% on energy imports, breaking a 30-day trade truce. Canada retaliated with tariffs on $30 billion in U.S. goods, with potential escalation to $155 billion. Canadian tech leaders and business groups condemned the move, calling for economic diversification and government support.
Startup founders report soaring costs, with Healthybud paying triple shipping fees and SRTX laying off 40% of staff. Despite challenges, some Canadian businesses are seeing increased domestic demand, with Costco Canada and Tre’Dish prioritizing homegrown products. The trade war’s full impact remains to be seen.
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