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ARTICLE · 10 MARCH 2025

Tariffs Are Here: How Will They Impact Canadian Businesses?

Hicks Morley Hamilton Stewart Storie LLP
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The introduction of tariffs on Canadian goods can have far-reaching consequences for both American and Canadian economies.

CanadaInternational Law
Mornelle Lee
Mornelle Lee
Henry Dinsdale
Henry Dinsdale
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The introduction of tariffs on Canadian goods can have far-reaching consequences for both American and Canadian economies. They can disrupt trade relationships, increase costs and alter the competitive landscape. There is no question that the trade situation with our neighbours to the south is—and will continue to be—in a state of flux, even if there is a temporary reprieve. Accordingly, understanding the implications of such tariffs is crucial for businesses to navigate these challenges and to plan for the potential for future tariffs. This article will equip Canadian businesses with an understanding of what tariffs are and the impact we expect tariffs to have on Canadian businesses.

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