U.S.-Canada trade war: What 50% tariffs mean for small businesses
By CGTN America
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Canada's retaliatory tariffs on billions of dollars-worth of U.S. goods went into effect Tuesday. Prime Minister Mark Carney ordered the dollar-for-dollar response, after Washington slapped new tariffs of up to 50 percent on Canadian goods last month. CGTN's Sean Callebs spoke to Canadian business owner Warren Levine of Lips Inc., for insight into how these tit-for-tat tariffs are impacting small businesses. 00:00 U.S.-Canada trade war: How tariffs are hitting small businesses 00:28 How tariffs are raising costs for Canadian businesses 01:32 U.S.-Canada tariffs force businesses to find new suppliers 02:02 Why small businesses can't simply raise prices 02:54 How Canadian businesses are adapting to tariffs 03:33 Biggest risk if the U.S.-Canada trade war continues 04:32 Can U.S.-Canada trade relations recover? 05:24 The small business behind 50 million lip balms #bizshow #tariffs #tradewar #USCanadatrade #smallbusinesses #lipsinc Watch CGTN LIVE on your computer, tablet or mob
Tags: CGTN, Canada, Small Businesses, Tariff Turmoil, Trade War, USA, bizshow, geopoliticis, trade tensions
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