US 25% Tariffs to Impact Business in Canada

February 5, 2025 – UPDATE: BC Food and Beverage is hosting a webinar on Friday, February 7, 2:00-3:30pm (Mountain Time) that will bring together some of the most influential voices in the Canadian Consumer Packaged Goods (CPG) space to break down the current landscape, share strategic insights, and explain how we can navigate these challenges together.

Businesses will have time to ask questions, share resources and strategies.

February 4, 2025 – UPDATE: The U.S. government announced a 30-day pause on tariffs on February 3, 2025. While details are still unfolding, we want to hear from businesses in Cranbrook and the surrounding area to better understand the potential impacts and prepare accordingly.

Please take a few minutes to fill out the survey below on behalf of your business. Your input will help shape advocacy efforts and support programs in response to these potential changes.

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February 2, 2025 The recent announcement of a 25% tariff imposed by the United States on Canadian imports, effective February 4, 2025, is a significant development in international trade relations.

Level of Concern

This escalation in trade tensions is concerning due to its potential to disrupt established supply chains and increase costs for businesses and consumers alike. The imposition of tariffs can lead to higher prices for imported goods, affecting various sectors of the economy.

Potential Impacts on Business

  • Increased Costs – Businesses that rely on imported materials or products from the U.S. may face higher costs due to the new tariffs.
  • Supply Chain Disruptions – The tariffs could cause delays and complications in supply chains, affecting production schedules and delivery times.
  • Competitive Disadvantages – Companies may find it challenging to remain competitive if they cannot absorb or pass on the increased costs to consumers.

Information Sought

To navigate this evolving situation, the Cranbrook Chamber of Commerce will be seeking:

  • Detailed Tariff Lists – Specific information on which products are subject to the new tariffs to assess direct impacts.
  • Government Guidance – Clarification from Canadian authorities on support measures or policy responses to mitigate adverse effects.
  • Alternative Sourcing Options – Information on potential alternative suppliers in countries not affected by the tariffs to maintain supply chain stability.
  • Legal and Compliance Advice – Resources for guidance on navigating the new trade regulations and understanding compliance requirements.

Stay informed

Our Chamber will be staying informed through official government channels and industry associations.

What can your business do to support these efforts?

Please take five minutes to fill out this short survey. Your feedback will help to paint a picture of Cranbrook’s business community, and help to inform our advocacy efforts.

THIS SURVEY CLOSED WEDNESDAY, FEBRUARY 5 at 11:59pm. Thank you for your submissions.

US Tariffs – Business Impacts

This survey is now closed.