Diversify Your Global Trade Markets

The United States (U.S.) has imposed 25 per cent tariffs on Canadian goods that do not comply with the Canada-United States-Mexico Agreement (CUSMA). Additionally, 10 per cent tariffs have been applied on energy and potash products, and 25 per cent on steel and aluminum. A 25 per cent tariff was imposed on Canadian-made cars, although under CUSMA, importers that send cars into the U.S. will be given an opportunity to certify their U.S. content. The 25 per cent tariff will only apply to parts of the vehicle that are not made in the U.S.

• Canada’s two-pronged countermeasures can be found here.
  • Request remission of retaliatory tariffs that apply on certain goods from the U.S. here.
  • Federal funding to support businesses to ensure they have the liquidity through these turbulent times can be found here.
• Ontario’s announcement to provide $11 billion in relief and support for businesses and workers can be found here.

For explainer videos on tariffs and the impact on your business, visit the Business Development Bank of Canada, a Crown Corporation deploying initiatives to help entrepreneurs overcome these obstacles.

Take a quick 5-minute survey to share how tariffs are impacting your business in Markham — your insights matter!

This page will be updated regularly with business support tools and resources. Our team is also available to speak with you to recommend specific tools and resources that will be relevant to your business. Contact our team at edoinfo@markham.ca.