Diversify Your Global Trade Markets

On March 4, 2025, the United States (U.S.) imposed 25 per cent tariffs on Canadian goods, and 10 per cent tariffs on energy products. Two days later, it was announced that tariffs on goods and services complying with the United States-Mexico-Canada Agreement (USMCA) would be paused until April 2. Additionally, starting on March 12th, steel and aluminum imports into the U.S. will face a 25 per cent tariff. 

• Canada’s two-pronged countermeasures can be found here.
• Ontario’s response to U.S. tariffs can be found here. As of March 11th, Ontario has suspended its levy on U.S. bound electricity.   

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.