Ottawa, March 16: Despite facing financial strain, a majority of small businesses in Canada continue to support the government’s counter-tariffs, a new survey reveals. According to the report, 75% of independent businesses expressed backing for the retaliatory measures, even as they grapple with rising costs and supply chain disruptions.
The tariffs, imposed in response to trade restrictions from other countries, have led to increased expenses for several industries, particularly those reliant on imported goods and raw materials. Small business owners have reported higher operational costs, making it harder to remain competitive.
However, many entrepreneurs believe the tariffs are necessary to protect Canada’s economic interests. “It’s a tough situation, but standing firm against unfair trade practices is crucial,” said one business owner participating in the survey. Others argue that while the short-term impact is challenging, the long-term benefits of protecting Canadian industries outweigh the difficulties.
The debate over counter-tariffs continues, with some calling for targeted relief measures to support struggling businesses while maintaining a strong stance on trade disputes. As economic pressures mount, policymakers will face growing demands to balance national interests with small business sustainability.