On March 6, 2025, the United States announced a temporary suspension of tariffs on goods that comply with the rules of origin requirements under the Canada-United States-Mexico Agreement (CUSMA). Additionally, the levies on potash have been reduced to 10 percent. This suspension will remain in effect until April 2, 2025.
The Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of imported goods, beginning immediately with a list of goods worth $30 billion. The scope of the Canadian counter tariffs will be increased to $155 billion if the current U.S. tariffs are maintained.
Read the full announcement from the Department of Finance.
See the U.S. announcement here.
See the full list of goods here.
The Canadian and U.S. economies are intricately linked through trade. Our countries traded an average of $2.5 million in bilateral goods and services every minute of every day in 2023. The U.S. is Canada’s largest trading partner, where approximately 75% of Canadian exports go.
We understand that the recent developments surrounding the U.S. tariffs may bring uncertainty and concern for local businesses. Please know that you are not alone in this—we are here to support you.
The County of Wellington is committed to helping our business community navigate these potential economic challenges. Our Economic Development team is actively monitoring the situation and will keep you informed through our newsletter, communications, and this page.
If you require any assistance, our Economic Development team is ready to help you navigate resources and available support. Contact our team via email or call us at 519.837.2600 x 2614
Supporting local businesses strengthens our community and helps Canadian businesses thrive. While looking for ‘Product of Canada’ and ‘Made in Canada’ labels, don’t forget the incredible products grown and made right here in Wellington County.
Here are a few simple ways to discover and support local products:
