On February 1, 2025, the U.S. announced that it is imposing tariffs of 25 per cent on Canadian goods, and a tariff of 10 per cent on energy exports from Canada, imported into the U.S. from Canada effective February 4, 2025.
In response, the Canadian Government has announced 25 per cent counter-tariffs on $155-billion of American goods, to be phased-in beginning on Tuesday, February 4, 2025.
Latest News & Updates
- Government of Canada announces next steps in its response plan to unjustified U.S. tariffs, Government of Canada - February 2, 2025
- Canada announces $155B tariff package in response to unjustified U.S. tariffs, Government of Canada - February 1, 2025
- Imposing Duties to Address the Flow of Illicit Drugs Across our Northern Border, United States Executive Order - February 1, 2025
- List of products from the United States subject to 25 per cent tariffs effective February 4, 2025
- Process for requesting remission of tariffs that apply on certain goods from the U.S. - Canada.ca
The Economic Development team of Halton Hills is seeking input from local businesses to understand the impact of recent U.S. tariffs. Your responses to this 5-minute survey will help identify key areas for advocacy and ensure the right support is provided. By sharing your experience, you'll help shape resources and initiatives that support the success of our local business community.
What are Tariffs?
A tariff is a tax or duty imposed by a government on an imported or exported good. When used appropriately, it can be both an important source of revenue for a government and a tool to protect domestic industries from foreign competitors. Tariffs increase the price of imported goods into a country, making them less competitive compared to alternatives.
Source: Government of Canada
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. To help Canadian exporters better understand these issues and their potential impacts on the Canadian economy, EDC has compiled a list of most frequently asked questions. This article aims to provide clarity and guidance for companies to help them stay informed. Additionally, find a link below to an interactive tariff finder tool resource.
FAQs: What Canadian exporters need to know about the impact of potential U.S. tariffs
Interactive Tool: Canada Tariff Finder
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 its network of trade commissioners in over 160 cities worldwide. Special webpage for tariff updates: Supporting Canadian exporters through United States tariff challenges.
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.
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 business related to farming.
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.
Employment and Social Development Canada
- The Work-Sharing Program helps employers and employees avoid layoffs, when there is a temporary decrease in the normal level of business activity that is beyond the control of the employer.
Free Webinars
Tuesday, February 4, 2025, 12-1:30 p.m.
Wednesday, February 19, 2025, 11 a.m. - 12 p.m.