Preparing For Tariffs: A Short Guide For Canadian Companies

Donald Trump's threat to impose a 25 per cent tariff on all Canadian goods imported into the United States, citing border security concerns, has sparked widespread concern from Canadians, federal and provincial governments, and economists alike about the implications of this measure for integrated supply chains, Canada's economy and Canadian businesses.

While Canadian governments are taking action to prevent the threatened tariffs from being imposed, from engaging in diplomacy, to implementing strengthened border security measures, there is nonetheless a very real chance that the tariffs are more than a simple threat. If imposed, Canadian officials have indicated that responding measures are likely to include retaliatory tariffs imposed by Canada on goods imported from the United States.