Navigating the Impact of Recent U.S. Tariffs on North American Trade

In early February 2025, the U.S. administration announced sweeping tariff measures, imposing a 25% tariff on all steel and aluminum imports—including those from Canada and Mexico—as well as 10% tariffs on Chinese goods. While the stated goal is to protect domestic industries, these measures introduce significant challenges for small and mid-sized businesses (SMBs), which often lack the financial buffers and global networks of larger corporations.