USA Tariffs
Recent changes in tariff policies between Canada and the United States continue to impact businesses across various industries. These tariffs can affect the cost of imported goods, materials, and exports, influencing supply chains, pricing, and overall competitiveness. Keeping up to date with the latest tariff changes can help local businesses adjust and plan as trade conditions evolve.
Concerned your business is too reliant on one single market? This page offers updates on current tariffs affecting trade between Canada and the U.S., along with practical information and resources to help support Tillsonburg businesses exploring trade diversification and navigating changing trade conditions.
Latest News & Updates
- Find the latest news and communications from the Department of Finance Canada here.
- Canadian manufacturers can now explore ResilienceHQ, a free online tool from NGen that helps monitor trade risks, respond to tariff changes, and identify alternative suppliers—visit ngen.ca/resilience-hq to learn more.
Support for Canadian Businesses
Economic support programs are available to help businesses and workers directly impacted by U.S. tariffs. Some of the supports that are available include:
- Business Benefits Finder
The Business Benefits Finder is a tool provided by the Government of Canada to find programs and services to help your business grow. - Business Development Bank of Canada
Business Development Bank of Canada (BDC) provides financing solutions and advice to small and medium-sized businesses in all industries and at every stage of growth. - Canada Small Business Financing Program
The Canada Small Business Financing Program (CSBFP) makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders. - EI Work-Sharing Program (Employment and Social Development Canada)
The government introduced temporary flexibilities to the EI Work-Sharing Program in response to the threat or potential realization of U.S. tariffs that are in effect from March 7, 2025 until March 6, 2026. This program provides EI benefits to employees who agree with their employer to work reduced hours due to a decrease in business activity beyond their employer’s control. - Export Development Canada
Export Development Canada (EDC) helps Canadian companies of all sizes succeed in global markets with trade knowledge, financial solutions, insurance, equity and connections. - Farm Credit Canada
Farm Credit Canada (FCC) is a dedicated lender for the agriculture and agri-food sectors and provides a range of financial products and services to support Canadian farmers and businesses related to farming. - Trade Commissioner Service
The Trade Commissioner Service helps Canadian businesses grow with confidence by connecting them with its funding and support programs, international opportunities, and network of trade commissioners in over 160 cities worldwide.
The Canadian government is outlining a framework and process for how it will consider remission requests for the tariffs on products from the United States (U.S.) that apply beginning on March 4, 2025.
Source: Global Affairs Canada, Trade Commissioner Service
Market Diversification Support
To help Canadian exporters navigate these changes, the Trade Commissioner Service (TCS) provides information on how to get access to funding and tailored support programs to help you diversify your exports, including:
- Spotlight on Trade Diversification
Offers insights and resources to help Canadian businesses explore new export markets and diversify their trade activities. - CUSMA Compliance
Guidance on how to export duty-free to the U.S. under the Canada-United States-Mexico Agreement (CUSMA). - CanExport Funding
Funding opportunities to explore new business opportunities abroad, connect with international research and development (R&D) partners and attract foreign investment. CanExport programs have various opening periods.
- Trade Missions and Events
- Global Bid Opportunity Finder
Search for commercial opportunities with foreign governments which are available to Canadian businesses. - Comprehensive & Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Canadian businesses can get ahead of the global competition by using the CPTPP - a free trade agreement between Canada and 10 other countries in the Indo-Pacific: Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. - Canada-European Union Comprehensive Economic and Trade Agreement (CETA)
The European Union (EU) is one of the largest economies in the world and Canada’s second-largest trading partner. CETA presents Canadian businesses with preferential access to and excellent opportunities for growth in the EU.
Source: Global Affairs Canada, Trade Commissioner Service
Other Resources
- Ontario Business Improvement Area Association (OBIAA) - Shop Main Street Canada Toolkit
- Tariff Remission Application - by Fair Grant Writing
- Canada’s Indo-Pacific Strategy - Information about Canada’s Indo-Pacific Strategy.