Small and medium-sized Canadian businesses that are exporting to the U.S. suddenly have a lot to worry about. If U.S. President Donald Trump’s claims that he will enact sweeping tax reforms and renegotiate NAFTA are realized, our companies are likely to see their profits fall and demand for their products and services decline. As some 88 per cent of the total exports of Canadian small businesses and 96 per cent of the exports of medium-sized businesses go the U.S., the overall negative impact on jobs and the economy could be dramatic.
For the full article written by Dr. Eva Busza of the Asia Pacific Foundation of Canada, visit here.