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CANADALAND
Three Businesses Jerked Around by Trump
Feb 4, 2025
Adam Brierley, Master Distiller and General Manager at SFR Distillery in Ottawa, shares his insights on how U.S. tariffs are affecting Canadian businesses. He discusses the potential shift in consumer preferences toward local products as a result of these trade tensions. Brierley also emphasizes the challenges his distillery faces, including sourcing local ingredients and navigating a competitive market. The conversation highlights the resilience of small businesses amidst political uncertainty and the importance of supporting homegrown entrepreneurs.
29:24
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Quick takeaways
- The imposition of U.S. tariffs creates significant challenges for Canadian businesses reliant on cross-border trade, threatening their operational viability and job security.
- Some Canadian companies view the tariff situation as a growth opportunity, anticipating increased consumer interest in locally-made products that could invigorate the craft distilling industry.
Deep dives
The Impact of Tariffs on Canadian Businesses
The recent imposition of tariffs by the U.S. has created significant challenges for Canadian businesses dependent on cross-border trade. Many companies fear that these tariffs will drastically affect their operations, with one business owner noting that a 25% tariff on goods imported to the U.S. would threaten the viability of his enterprise, which relies heavily on American sales. The uncertainty surrounding these tariffs contributes to a tense atmosphere, as businesses struggle to prepare for potential financial repercussions, leading to increased prices and disrupted supply chains. Some sectors, like the automotive industry, face particularly dire consequences, with potential job losses numbering in the hundreds of thousands if these tariffs are enacted and maintained.
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