Canadian and American small businesses are reeling from shattered trade talks, facing potential 50% tariffs that could slash profits and force steep price hikes. Jewelry makers in Alberta fear losing half their sales, while U.S. retailers brace for $30+ jumps on Canadian imports. Longtime exporters warn Canada’s smaller economy is vulnerable, and businesses caught with pre-tariff orders worry about being stranded. With boycotts already hurting sectors like wine, experts say recovery may take years — and the smallest players will pay the steepest price.
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