Troyhann Santos verifies the last list of the federal counter-tarifas government and makes an overwhelming discovery. Starting immediately, you will have to pay a 25 percent rate in most of the merchandise entering its team of Lacrosse teams, Lax Shack, in pickering, ontario.
“Being beaten with something like this is terrifying,” Santos said. “It’s a terrible blow.”
Thousands of millions Of dollars and thousands of jobs are at stake as Canadian companies fight with the tariffs of the president of the United States, most of which will enter into force on April 2.
Now, some companies that are not affected by Trump’s rates are learning that they will not be unscathed from the commercial war, because the goods that import from the US. UU. They are being beaten with Canada’s counter-tariffs.
The problem is especially worrying for small businesses, which often do not have deep pockets to help them resist storm.
Last week, the Federal Government imposed its first round of 25 percent of retaliation rates in US goods worth $ 30 billion, such as many types of food and appliances.
On Thursday, after Trump imposed tariffs on steel and aluminum exports, Canada replied With more rates, this time with $ 29.8 billion in American products. The objectives include US steel, aluminum, some electronic and, unfortunately for saints, sports equipment.
Almost the entire Lacrosse team that sells, including sticks, balls and networks, is imported from the US.
“We have shipments that enter daily, so this will affect us immediately,” Santos said. “We will have to increase our prices to reflect that 25 percent increase.”
She is not the only small company trapped in crossfire.
Cluck Clucks, a small but growing fast food chain in the Toronto area, says that the Bloods could damage their expansion plans.
Each Cluck Clucks requires between six and eight deep fryers to serve its specialty: fried chicken.
The fryers, which cost up to $ 27,000 each, are made of steel and are sent from the USA. Because Canada’s county include steel appliances, Cluck Clucks believes that it will now pay 25 percent more for each new purchase.
“We hope our costs will rise significantly,” said Raza Hashim, CEO of Cluck Clucks. “Then, in general, it is not a good situation for us.”
He adds that Canada does not manufacture fryers deep, so he cannot solve the problem by changing to a national supplier.
Small businesses support buttresses
The Canadian Federation of Independent Business (CFIB) says that many small companies can be affected by counter-tarifas. The Federation surveyed 2,500 independent companies last month and almost half (47 percent) said they import goods from the United States
“They are super worried,” he said Simon GaudreaultCFIB chief economist. “We are talking here about 25 percent counter-tarifa that can add a significant cost pressure on companies. Some of them operate in very thin margins.”
Gaudreault says that owners can increase prices to cover additional costs, but doing so could make them less competitive.
“So they are a little trapped between a rock and a difficult place.”
Look | Canada’s counter-tariffs damage small businesses, but many still support them: https://www.youtube.com/watch?v=PT4ZBF0VJSM
The CFIB survey also revealed something that surprised Gaudreault: despite the concerns about the counter-tariffs, the three quarters of the companies surveyed said they support Canada’s decision to impose them.
“I think it comes from the feeling that something must be done … not only to bed there, and let the US administration do whatever they want,” Gaudreault said.
Although Cluck Clucks will probably face higher costs every time it opens a new location, the restaurant is on the side of the counter-tarifas.
“It’s for the good of the whole country,” Hashim said in a Clucks Pickering. “As a citizen, as a naturalized citizen, we will bite the bullet for our adoptive country.”
But back in the Lacrosse store, Santos reveals that he is in the fence on the counter-tarifa, after learning that most of the products sold in his store will affect.
“I want Canada to defend itself and I am a proud Canadian,” he said.
“But on the other hand, these prices increases also realized.”
