Canada faces increased tariffs as U.S. changes exemptions

The Trump administration plans to end the 'de minimis' duty-free exemption, which allows products valued under $800 to be shipped to the U.S. without tariffs. This change adds to the financial strain on Canadian businesses already facing a 25% tariff. Canadian companies, like sleepwear brand This is J, are concerned about the implications of these changes. The end of the exemption could lead to additional duties on their products, complicating their ability to sell in the U.S. market. Some businesses, such as Three Ships Beauty, are less worried due to their direct sales in U.S. stores. However, they still anticipate long-term challenges from tariffs, including potential decreases in U.S. investment and a weaker Canadian dollar.