Small businesses lament losing sales during US-Canada trade war

Small business owners in the United States and Canada say a trade war between their countries is hurting sales while they are also dealing with rising expenses from higher fuel costs. Canada imposed reciprocal tariffs on about $20 billion worth of U.S. goods last week after President Donald Trump placed import taxes on Canadian goods worth the same amount. Trump said the U.S. also would ban imports of wine, whiskey, selected motorcycles and the cheese-derived protein additive whey from Canada.

The conflict between the economically entwined neighbors affects only about 5% of total exports and imports, but it is having a big impact on small businesses that depend on cross-border sales.

Read the original report at Apnews.