TORONTO, Aug. 20, 2025 /CNW/ - New data from the Canadian Federation of Independent Business (CFIB) reveals that small businesses are being hit hardest by U.S. and Canadian tariffs on steel and aluminum (59%), as well as Canada's own retaliatory tariffs on other U.S. goods (58%). In addition, nearly one-third of Canadian SMEs will be negatively affected by the loss of the $800 U.S. de minimis exemption.
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