Businesses are monitoring a trade dispute between two countries. New tariffs have been imposed, and further increases are threatened. This development may lead to higher costs for certain companies. Some domestic manufacturers could benefit from the situation, however.

A professor of supply chain management notes that trade issues with Canada have a significant impact on one particular state. The latest tariffs affect around $20 billion in annual trade.

Further details about the potential effects of the tariffs are available, including the impact on companies that rely on imports from Canada.