It is an effort to protect Canadian manufacturers but huge new tarrifs on some furniture imported from overseas are expected to have an enormous impact on both retailers and consumers. Okanagan furniture store owners say they can’t absorb the duties and are cancelling their orders. That will likely lead to furniture shortages and much higher prices.
- U.S. consumer prices surged 5.4% in June, biggest jump in 13 years
- Gap will start selling home goods next month under new partnership with Walmart
- Okanagan retailers warn massive new tariffs on imported furniture will hit consumers hard