Small businesses reel as Trump's tariffs take effect

New tariffs proposed by U.S. President Donald Trump are causing economic concern. One report suggests these tariffs could harm small businesses broadly. Other reports focus specifically on major car manufacturers like Toyota and Honda, which have large operations in Canada. These companies might have to pay the tariffs themselves or potentially cut production, especially as they already face tough competition from Chinese electric vehicles. While a deal could be reached to avoid these tariffs, the automotive industry faces uncertainty.

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