Canada's Trade Talks Fallout: Tariffs Hit Small Businesses Hard

Mark Carney's decision to walk away from trade talks with Donald Trump has come back to haunt Canada. The country is now facing a more difficult economic reality, with the US imposing new tariffs on $20 billion of Canadian goods.

The tariffs will hit many small- and medium-sized businesses hard, including family firms that have been largely sheltered from the trade war so far. Important sectors such as auto parts and forestry are already showing signs of strain, according to jobs data in Canada's 10th-largest economy.

Carney's decision to abandon talks with Trump was seen as a popular move at the time, but it appears that Canada is now paying the price for it. The country will have to contend with the economic fallout of these tariffs, which could have serious consequences for its businesses and workers.