A Brampton-based business says the chaotic nature of U.S. President Donald Trump’s tariff policies ended up costing them nearly $35,000.
Tariff uncertainty costs local company $35K. A Brampton-based business is sounding the alarm after an unexpected shift in U.S. trade policy left them footing a massive bill.
Taurus Craco Machinery, a long-standing machinery dealer that imports equipment from overseas and distributes it across North America, says it lost nearly $35,000 due to last-minute changes to tariff regulations introduced under former U.S. President Donald Trump.
In a scramble to stay ahead of the announced tariffs, the company worked overtime to get
their shipments out before the April 9 deadline. However, due to a matter of minutes, the
delivery crossed the U.S. border just after midnight — making it subject to the hefty new
fees.
While the company typically passes such charges on to clients, in this case the sale had
already been finalized, leaving Taurus Craco to absorb the full cost.
Adding to the frustration, the global tariffs were abruptly paused just hours later — a move
that left CEO Wes Love calling the situation “heartbreaking” and a harsh reminder of the
unpredictability small businesses now face in cross-border trade.
This situation has highlighted the growing risks that come with global business, particularly
for small to mid-sized companies trying to plan, adapt, and survive in a rapidly changing
trade environment.
This article was published by
https://www.cbc.ca/news/canada/toronto/brampton-business-trump-tariff-uncertainty-1.7509347
