New tariffs loom over Canadian businesses, threatening to slash U.S. sales by half and potentially shutting down key industries like lumber, dairy, and alcohol exports. Negotiators stall over contentious issues — especially U.S. demands to end provincial alcohol bans — while small business owners face layoffs and lost orders as the threat alone triggers market panic. With trust in U.S. trade eroding, Canadian firms scramble for alternatives — but the immediate economic fallout could be devastating.
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