Thinking of buying a new couch? The price may have just quadrupled – CBC.ca
With more than 40 years of experience, Love Dodd of Victoria thought he had seen everything the furniture business could throw at him.
But even he almost jumped out of his chair when he saw the size of new tariffs that were slapped on a lot of his merchandise earlier this month.
“We personally got hit with a couple of hundred thousand dollars,” he said in an interview. “That’s been a huge blow for us.”
On May 5, the federal government imposed tariffs of up to 295 per cent on imported upholstered…
