Trump tariffs could see Canadian exporters lose half their revenue: survey

The clock is ticking with a week to go before U.S. President Donald Trump’s new round of tariffs hits Canadian exports and a survey of small Canadian exporters is warning of dire consequences if the sweeping 50 per cent levies take effect.

While Canada has been dealing with Trump’s tariffs for more than a year, including with sectoral tariffs on steel, aluminum and automobiles, the vast majority of Canadian goods traded under the Canada-U.S.-Mexico Trade Agreement (CUSMA) have been exempt from Trump’s tariffs.

This could change on Aug. 19.

Around two in five Canadian exporters said they currently export a product to the U.S. that would fall under the scope...