Tariffs Threaten North American Business | Toronto News
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Tariffs Threaten North American Business | Toronto News
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Canada and the U.S. are locked in a damaging trade war, with both sides slapping steep tariffs on each other’s goods — from steel and cheese to farm equipment and furniture — sparking alarm among businesses that fear rising costs, lost investment, and slower job growth. The Ontario Chamber of Commerce is sounding the alarm, urging both governments to return to the rules of the USMCA and avoid further escalation. Chamber president Daniel Tisch warns that while short-term pain may be unavoidable, long-term economic damage could be catastrophic. Businesses are already reeling — one furniture store owner says he’s forced to reprice inventory and scramble for alternatives, knowing many American-made products can’t be easily replaced. The chamber is calling for swift government support to help companies adapt, stay competitive, and cushion the blow for consumers.
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