Skip to content
Back to Guavy Wire
Forex

Michigan Businesses Reel from Trade War Tariffs

Instruments
CAD
Share

The escalating trade war between the U.S. and Canada is affecting small businesses in Michigan's rural Upper Peninsula, where many residents rely on cross-border trade.

Ben Rahilly, owner of an appliance store, gift shop, furniture store, and concrete business, says prices are rising due to tariffs imposed by President Trump.

'Prices are going up. Our shipping charges are getting more and more every day,' he said.

The local economy has been steady, but the International Bridge Administration estimates businesses on the Sault Michigan side have lost $62.7 million in revenue due to decreased traffic since Trump's second term.

More on Forex

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc