Diversify Your Global Trade Markets

As of August 1, 2025, the United States (U.S.) has imposed 35 per cent tariffs on Canadian goods that do not comply with the Canada-United States-Mexico Agreement (CUSMA). Ten per cent tariffs have been placed on energy and potash products, and 50 per cent on steel and aluminum. 

Canada's counter tariffs on steel, aluminum and automobiles remain in effect. However, in recognition of the U.S.'s approach to allow most Canadian goods to enter the U.S. tariff-free under the Canada-United States-Mexico Agreement (CUSMA), Canada is removing counter tariffs put in place in March 2025 on most U.S. imports, effective September 1, 2025. 

• 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.

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.