Crude Oil
The Trump tariffs hurt small Canadian businesses while big oil companies enjoy exemptions
Steve Mallia, a Toronto-based telescope accessory manufacturer, was thriving up until March 2017, when the Trump Administration imposed a 25 percent tariff on orders bound for the U.S. that did not meet the local content requirements under the U.S. Mexico-Canada Agreement. The tariffs, which were imposed shortly after Donald Trump became president of the United States in January, prevented Mallia’s StarField Optics, from competing on its main market as many components used in their products came from China. When we began to sell in the U.S. business was very good. Mallia stated that they were profitable. "As the tariff began...