New U.S. tariffs push Canadian exporters to delay shipments

Canadian manufacturers and exporters are postponing shipments to the United States as they seek cash to cover newly imposed 50% duties. The tariffs affect about 5% of Canadian exports, including products such as textiles, toiletries, agricultural machinery and toys.

Customs brokers say some small businesses cannot absorb or pass along the added costs, putting pressure on cash flow and delivery schedules. Shipments booked before Aug. 22 may avoid the levies, while others have 10 business days to pay before late penalties begin.

Economists warned the tariffs could contribute to business closures, job losses, weaker investment and higher consumer prices, with small and medium-sized companies especially vulnerable. The U.S. also threatened additional tariffs on Canadian vehicles, auto parts and steel beginning Jan. 1.

Read the full story at news.constructconnect.com.