Tariff Support

On March 6, President Trump paused the 25% tariffs on some Canadian goods.

On Tuesday, March 4, 2025, U.S. President Donald Trump imposed 25% tariffs on all imports from Canada and Mexico, with the exception of Canadian energy, which will face a 10% tariff. In response, Canada immediately implemented a 25% tariffs on $30 billion worth of U.S. goods, with an additional $125 billion in tariffs set to take effect on March 25. These escalating trade measures will have a significant impact on businesses in Peterborough and beyond, particularly those reliant on cross-border trade.

City of Peterborough Economic Development collaborates with all levels of government and industry organizations to help businesses navigate these changes and explore strategies for maintaining resilience, by connecting them with resources to mitigate tariff impacts, explore trade agreements, and identify new global opportunities. If you’re looking to expand beyond Canada or adapt to these new tariffs, reach out to learn how the below tools can support your export journey.

Updates

Information and support for businesses

Startup Canada Tariff Toolkit

The Startup Canada Tariff Toolkit is designed to aid entrepreneurs and support organizations in navigating the complexities of tariffs, and their impact on Canadian businesses. It provides a comprehensive overview of national and regional support organizations, tariff regulations, how they affect supply chains and pricing, strategies for mitigating risks, and further international expansion. This resource guide is being updated frequently and in real time.

Access the toolkit

Expanding into global markets with EDC

Export Development Canada (EDC) helps Canadian businesses grow internationally with financing, insurance, and trade expertise. Their tools and insights reduce risk and open doors to new markets. Learn more at EDC’s website.

Expanding to new markets

For businesses seeking new markets, the Canadian Trade Commissioner Service provides support in over 160 locations worldwide. With 15 ratified Free Trade Agreements (FTAs) covering 49 countries, Canadian businesses can access 1.5 billion consumers.

Finding Canadian suppliers

Explore Canadian supply chain options through Canada’s business directories.

Funding to grow your exports

CanExport SMEs program helps businesses expand into new international markets with funding for market research, marketing, and business development. Applications open soon.

If your business imports these products, please let us know the quantities you are bringing in. We will work with Global Affairs Canada, provincial and federal agencies, and trade representatives to help you explore alternative sourcing options.

Resources for businesses facing trade uncertainty

Business Development Canada (BDC) offers tools to help businesses build resilience. More information is available on the BDC's website.

Canada Tariff Finder

The Canada Tariff Finder helps businesses check import and export tariffs for specific goods and markets, particularly in countries with which Canada has a Free Trade Agreement (FTA).

This tool provides:

General tariff rates applicable to all nations
Preferential rates under FTAs, including phase-out periods
Side-by-side tariff comparisons for up to three countries or products

The Canada Tariff Finder is a collaborative initiative by BDC, EDC, and the Canadian Trade Commissioner Service of Global Affairs Canada.