Taurus Craco Machinery, a Brampton-based machinery dealer, lost nearly $35,000 due to the chaotic and rapidly changing tariff policies under President Trump's administration. After global tariffs were announced, the company worked overtime to get products across the U.S. border before the deadline but missed it by minutes, incurring significant customs charges. Although they opted not to pass on these costs to clients, they were later hit with these charges just as Trump paused the tariffs. This situation exemplifies the unpredictable nature of trade policies and its detrimental effects on Canadian businesses.
"It's just a heartbreaking situation for us when we played by the rules and did everything right in order to try to maintain some, you know, level of incoming revenue."
"The case illustrates how Trump's chaotic tariff policies have made it much more risky for Canadian businesses to ship products across the U.S. border."
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