Timmins Economic Development is committed to assisting local businesses in navigating changing trade and tariff dynamics. To help adapt to these changes, we’ve compiled a comprehensive list of resources, strategies, and support programs.
As trade tensions continue to unfold, Canadian businesses – particularly those in automotive, energy, retail, manufacturing, and steel – will face new challenges. The United States (U.S.) has imposed tariffs on a range of Canadian exports, while Canada has responded by introducing counter-tariffs on select U.S. goods. These measures are increasing costs, disrupting supply chains, and applying pressure on local businesses.
Need Assistance?
Please do not hesitate to contact Timmins Economic Development if you have any questions or need assistance with your business’ needs.
The following is a high-level overview of the U.S. tariffs imposed on Canada:
For up-to-date information on the Government of Canada’s plan and response to U.S. tariffs, including support for Canadian businesses and workers, click here.
On February 4, 2025, Canada imposed a 25% tariff on a broad range of U.S. products in response to U.S. trade actions. These countermeasures will remain in effect until the U.S. removes its tariffs against Canada.
On April 3, 2025, Canada announced that it is launching 25% tariffs on all vehicles imported from the U.S. that are not compliant with CUSMA. Additionally, previously imposed tariffs and countermeasures are to remain in place.
The affected items span various categories including:
For a comprehensive and detailed list of the products affected, click here.
If your business exports to the U.S., the TCS is actively assisting Canadian businesses affected by U.S. tariffs.
For detailed information on services and resources available, click here.
The following is a list of resources and tools to help Canadian Business Owners navigate changing trade dynamics.
The Bank of Canada released a report evaluating and outlining the potential economic impacts of the proposed U.S. tariffs on Canadian industries. It highlights risks to trade sectors such as manufacturing and steal, emphasizing how supply chains could be disrupted in addition to how tariffs could reduce export demand. Potential economic slowdowns and inflationary pressures are also noted, urging businesses to prepare for uncertainties.
BDC is committed to supporting Canadian businesses through this period of uncertainty. Explore the range of resources related to the international trade situation to help build your company’s resiliency.
The Canada Tariff Finder enables Canadian businesses to check import or export tariffs for specific goods and markets, with a focus on countries with which Canada has a Free Trade Agreement.
This tool helps Canadian Businesses examine Canada’s economic integration with the U.S. and the risks of tariffs.
This playbook provides practical, low-cost strategies for Canadian small and medium-sized enterprises to adapt to U.S.-imposed tariffs and maintain financial stability.
The Government of Canada has numerous free trade agreements, plurilateral agreements, foreign investment and promotion and protection agreements, and World Trade Agreements with various countries. Explore and review these agreements.
The Government of Canada is committed to protecting Canadian interests. The GC Business Insights Newsletter reviews understanding and preparing for tariffs, global markets and diversification, and exporting to the U.S.
The Government of Ontario operates a network of offices worldwide to promote investment attraction to the province and promote exports from Ontario. Connect with a Trade and Investment office for market entry support.
FedDev Ontario lists the steps that Canadian businesses in Ontario can take to export their goods and services to other countries.
EDC provides insights and analysis on navigating the uncertain environment of Canada’s largest export market.
Funding Programs
The following is a list of targeted funding programs that support certain businesses and industries impacted by changing trade dynamics.
The process for applying to request remission of tariffs for certain goods from the U.S.
This program helps employers and employees avoid layoffs through income supports for employees eligible for Employment Insurance benefits.
This program offers financial support for agribusinesses impacted by trade disruptions, offering flexible loan options to help manage cash flow and market challenges.
This program will help facilitate an additional $5 billion over two years in support for eligible companies across a range of products to navigate economic challenges.
This program can help Canadian companies compete in export markets by removing the domestic duty impact from their commercial goods.
This memorandum outlines the program designed to refund duties on defective or damaged goods, quantity shortages, overpayments, documentation errors, etc.
The following is a list of local organizations that can provide certain supports and resources to help navigate changing trade dynamics.
The Business Enterprise Centre helps entrepreneurs and SME’s (small-and-medium-sized enterprises) throughout all stages of the business life-cycle.
The Chamber advocates on policy issues that impact local businesses at all levels of government and provide a variety of business services. The Chamber has also compiled resources related to U.S. tariffs.
The Venture Centre is a community futures development corporation that offers community development services, business development services and support, and funding programs.
The Downtown Timmins Business Improvement Area (BIA) helps BIA members overcome their challenges and achieve their business goals through innovative solutions and dedicated support.
Director of Economic Development
Tel: 1-705-360-2600 x7080
Toll Free: 1-877-470-8332
brenda.camirand@timmins.ca
Business Development Specialist
Tel: 705-360-2600 x7075
Toll Free: 1-877-470-8832
louise.straatman@timmins.ca
Business Development Specialist
Tel: 705-360-2600 x7085
Toll Free: 1-877-470-8332
jeremy.elomaa@timmins.ca
Honouring the Past, Leading the Present, and Transforming the Future
1-130 Spruce St. S.
Timmins, Ontario P4N 2M5
T (705) 360-2656
TF (877) 470-8332
E tedc@timmins.ca
Copyright © 2020 Invest Timmins All Rights Reserved. Privacy Policy
to save your favourite homes and more
Log in with emailDon't have an account? Sign up
Enter your email address and we will send you a link to change your password.
to save your favourite homes and more
Sign up with emailAlready have an account? Log in