For some Canadian businesses facing a 50 per cent U.S. tariff kicking in at 12:01 a.m. Wednesday, the pain is already being felt.
The new tariff, on $28 billion of goods ranging from hockey sticks to dairy products, electronics and wooden doors, is the latest salvo in a trade war initiated by U.S. President Donald Trump.
The mere threat of the tariff has already been enough to scare off some U.S. customers from continuing to place orders with Canadian suppliers, said Dan Kelly, CEO of the Canadian Federation of Independent Business.
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