Breaking News - Tariff Support - The Chamber is your source for Tariff Updates. Check out our page, updated daily, with the latest Tariff Resources and SUpport
 President and CEO, Candace Laing from the Canadian Chamber of Commerce has released a statement on the U.S. decision to double steel and aluminum tariffs.
"Today’s announcement is incredibly destructive. This series of escalations is quickly hitting a ceiling where Americans and Canadians are set to feel the hurt. The stock market volatility is a glaring signal that this economic chaos must end. Canadian steel and aluminum aren’t a nice to have for the U.S., they’re a need to have — literally. These two Canadian metals are the infrastructure that holds up and holds together American defence, homes, cars, energy and countless other symbols of security and strength. Without Canadian steel and aluminum, the U.S. won’t have enough of either metal to satisfy the needs of its demanding economy — or build the bright “golden age” President Trump has promised. This policy is proven to fail. The last time these sectors were tariffed during President Trump’s first term, there was a net loss of tens of thousands of American blue-collar jobs. And that was at 25% tariffs on steel and 10% on aluminum. Both the increase and the potential of compounding tariffs will make this go-around significantly more painful and more expensive. Steel and aluminum are about strength; these tariffs do nothing but weaken us both. President Trump may as well hand over North America’s steel and aluminum leadership to China. Instead of adding taxes on taxes and more uncertainty to the mix, we must move away from tariffs and toward a lasting agreement on trade that is respected on all sides."
0 Comments
 Today, the government of Canada announced funding for a variety of initiatives to support businesses and employees across Canada. The following supports will build on the existing services that the government of Canada provides. These include:
In addition the government of Canada, will also updating the Investment Canada Act Guidelines to protect Canadian companies in reviewing foreign investments that could threaten national security. Along with supporting businesses, the government of Canada will be introducing temporary flexibilities to the EI Work-Sharing Program to increase access and maximum agreement duration. The Work-Sharing Program provides partial EI benefits to employees who agree with their employer to work reduced hours due to a decrease in business activity beyond their employer’s control. This helps employers retain experienced workers and avoid layoffs and helps workers maintain their employment and skills while supplementing the reduced wages with EI benefits. Click here to view the full press release.  The Canadian Chamber of Commerce(CCC) and Ontario Chamber of Commerce(OCC) have released statements regarding U.S. Tariffs that were recently implemented. Both organizations represent thousands of businesses Canada-wide and province-wide - with the CCC representing over 200,000 businesses and the OCC representing over 60,000 businesses. Both organizations thus provide a critical voice through advocacy.
Read more on the OCC's statement here. Read more on the CCC's statement here,  As of today, U.S. tariffs have been set. These impacts will be felt across our community and Canada-wide.
The government of Canada has released information on the list of products subject to U.S. tariffs. The following can be accessed by clicking here.  In response to increasing calls to remove barriers to interprovincial trade, the Government of Canada will be removing more than half of federal exceptions to the Canadian Free Trade Agreement to strengthen Interprovincial Trade. This move will reduce federal exceptions in half - from 39 to 19. Please click here to read the full press release
With less than a week away from U.S. Tariffs, and the pressure felt across all industries is mounting, The Canadian Labour Congress will be conducting their third emergency meeting to discuss a plan to protect workers and communities across Canada. Click here to read the full press release.  The Empire Club of Canada has released a video recording of this weeks conference on Manufacturing and Exporting in the New World Order. The recording features an insightful conversation into everything on trade and tariffs. Some notable speakers who attended were Dawn Desjardins, Chief Economist at Deloitte Canada; Simon Drexler, President of Samuel Automation; David Glover, Co-owner of Harbour Technologies; and Rob Wildeboer, Executive Chairman of Martinrea International Inc. The discussion, moderated by Vincent Caron, Vice President of Ontario Government Relations and Member Advocacy at Canadian Manufacturers & Exporters. Don't miss out on critical perspectives that will help to address the pressing challenges of trade. Today the Ontario Chamber of Commerce(OCC) has released results from their survey. The survey which collected responses from February 4-10, 2025 gathered 420 responses from key business decision makers in Ontario. It was identified that two-thirds of businesses are bracing for a negative impact of U.S. Tariffs. Click here to read more about key findings from the OCC.
 Here are some more resources business owners can access regarding tariff support provided by the government of Canada. Export Development Canada(EDC)EDC helps Canadian businesses expand internationally by providing financing, insurance, bonding, and trade expertise. Please click here to find out more information. Trade Commissioner Service(TCS)Another resource is the TSC, which helps businesses in navigating international markets by providing on-the-ground support in over 160 cities worldwide, helping them with exporting, market entry, business connections, and navigating the complexities of foreign trade. Click here to find out more
 On Tuesday, March 4, Your local Peterborough + Kawarthas Chamber of Commerce and Community Futures are partnering to host a panel discussion on navigating the impacts of tariffs on your business. The panel discussion will host business leaders with expertise in supply chain management, importing, financing, and more!
This event will feature insights directly from Bob Armstrong, CITP, FCILT, President of Armstrong Trade and Logistics Advisory Services Inc. (ATLAS). With over 50 years of experience in Global Supply Chain, International Trade, Cross-Border Logistics, and Customs Regulations. Bob has led numerous global trade missions and has served as President of the Supply Chain & Logistics Association of Canada, President and CEO of the Canadian Association of Importers and Exporters Inc., and President of the Association of International Automobile Manufacturers of Canada (AIAMC). His extensive experience includes helping Canadian businesses find new suppliers and customers while ensuring cost-effective, efficient, and resilient supply chain operations in global markets. Don't miss this opportunity to learn from one of the industry's most respected experts! Following Bob's presentation, he will join a panel of speakers for an informative discussion with: · Andrea Parkes, Professor in Supply Chain, Fleming College · Sherry Hill, CFO, Peterborough Matboards & Secretary, Kawartha Manufacturers Association Click here to register for this free event The Canadian Government has released a questionnaire ahead of the 2025 Federal budget. This questionnaire will give Canadians an opportunity to contribute to shaping the Government of Canada's policies and priorities for Canada's future. This will allow the government to be informed about the issues affecting you and your business such as interprovincial trade barriers and potential U.S. Tariffs. Please click here to complete the questionnaire!  President Trump is expected to announce additional reciprocal tariffs today. Further details will be provided as they become available. Click the link for live updates from CTV News.
|
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
|
Copyright Greater Peterborough Chamber of Commerce. All rights reserved.
175 George Street North, Peterborough, ON, K9J 3G6 Phone: (705) 748-9771 | (705) 743-2331 Home | Calendar | Site Map | Privacy | Accessibility |
|
|
|
|
|
RSS Feed