US-CANADA TRADE SPAT ESCALATES WITH NEW TARIFFS HITTING SMALL BUSINESSES

The U.S. is imposing new 50% tariffs on $20 billion of Canadian goods, a move expected to disproportionately harm small and midsize businesses. The levies target a wide range of products including honey, artwork, and flowers, with Canada set to retaliate with its own tariffs on September 8. President Trump has also threatened 50% tariffs on all Canadian auto imports starting January 1.