Tariff Updates and Resources

• A tariff is a tax imposed on imported or exported goods. For a further definition and explanation, please click here.

• For more information about tariffs and their impact, please refer to this recent Bank of Canada report.

• Government of Canada announces next steps in its response plan to unjustified U.S. tariffs
• List of products from the United States subject to 25 per cent tariffs

• Imposing Duties to Address the Flow of Illicit Drugs Across our Northern Border

• Niagara Economic Development
• Global Affairs Canada
• Trade Commissioner Service
• Innovation, Science and Economic Development Canada
• Ministry of Economic Development Job Creation and Trade
• Export Development Canada (EDC)
• Business Development Bank of Canada (BDC)

The Niagara Foreign Trade Zone (NFTZ) promotes Niagara as a hub for international trade, helps businesses integrate into foreign markets, and supports business expansion into new markets. Exporting businesses can benefit from: 

• Duties Relief Program
• Drawback Program
• Custom Bonded Warehouse Program
• Export Distribution Centre Program
• Exporters of Processing Services Program

Canada's Trade Accelerator Program (TAP) is a dynamic program created to equip small and medium-sized enterprises with the expertise and connections needed to unlock their export potential. Through a series of online workshops led by trade and industry experts, Canadian business leaders can gain the insights and strategies to overcome export challenges and expand into new markets more efficiently. 

• Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): A free trade agreement with 10 Indo-Pacific countries.

• Canada-European Union Comprehensive Economic and Trade Agreement (CETA): Provides Canadian businesses access to growth opportunities in the European Union.

• Global Affairs Canada’s Indo-Pacific Strategy aims to expand trade and investment in the fastest-growing region, which represents over 4 billion people and $47.2 trillion in economic activity.
• The Government of Canada Trade Commissioner Service has developed a spotlight page on market diversification that includes tools for businesses to explore pathways to global expansion