April 9, 2025
April 7, 2025
April 2, 2025
Tariff Information and Resources
Welcome to our dedicated resource hub for Fort Erie businesses monitoring the impacts of tariffs. Whether you're a local entrepreneur, manufacturer, or retailer,this page offers up-to-date insights on potential tariff and trade disruptions, how they may impact your business, and the resources available to help you adapt.
We are committed to keeping this page updated with the latest developments, support programs, and expert insights. Check back regularly for new resources, industry updates, and tools to help your business remain competitive in an evolving trade landscape.
News & Updates
Ontario Together Trade Fund-The Ontario Together Trade Fund (OTTF) provides financial support to help businesses near-term investments so they can serve more interprovincial customers, develop new markets and re-shore critical supply chains in the face of U.S. tariffs.If you are interested in applying for this fund, please contact edts@forterie.cafor assistance.
March 27, 2025
March 26, 2025
March 12, 2025
- Trump’s 25 per cent tariffs on Canadian steel, aluminum now in place
- Canada hits back at U.S. with $29.8B in new counter-tariffson steel, aluminum and other goods
- Bank of Canada cuts interest rate by quarter-point to 2.75 per cent
- U.S. hardens rules for visiting Canadians
March 11, 2025
March 10, 2025
March 6, 2025
- Trump pausing tariffs on some Canadian goods until April 2
- Ontario slapping 25% surcharge on U.S.-bound electricity Monday, Ford says
March 4, 2025
Tariff Definitions and Information
What are tariffs and how can they impact my business?
- A tariff is a tax imposed on imported or exported goods. For a further definition and explanation, please clickhere.
- For more information about tariffs and their impact, please refer to this recentBank of Canada report.
Supports and Resources
Government agencies at all levels offer valuable support to businesses involved in exporting. A range of initiatives including trade missions, market intelligence, industry connections, and funding opportunities can help businesses diversify and succeed in new markets.
Niagara Foreign Trade Zone (NFTZ)
The Niagara Foreign Trade Zone (NFTZ) promotes Niagara as a hub for international trade, helps businesses integrate into foreign markets, and supports business expansion into new markets. Exporting businesses can benefit from:
- Duties Relief Program
- Drawback Program
- Custom Bonded Warehouse Program
- Export Distribution Centre Program
- Exporters of Processing Services Program
Canada's Trade Accelerator Program
Canada's Trade Accelerator Program (TAP) isa dynamic program created to equip small and medium-sized enterprises with the expertise and connections needed to unlock their export potential. Through a series of online workshops led by trade and industry experts, Canadian business leaders can gain the insights and strategies to overcome export challenges and expand into new markets more efficiently.
In 2023, the US market accounted for $6 billion (72%) of total exports from Niagara businesses and $2 billion (54%) of total imports to Niagara businesses. Diversifying markets is a key strategy to mitigate trade disruptions. Niagara businesses can leverage Canada’s 14 trade agreements with 51 countries, including agreements with major trading partners such as:
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): A free trade agreement with 10 Indo-Pacific countries.
- Canada-European Union Comprehensive Economic and Trade Agreement (CETA): Provides Canadian businesses access to growth opportunities in the European Union.
- Global Affairs Canada’s Indo-Pacific Strategy aims to expand trade and investment in the fastest-growing region, which represents over 4 billion people and $47.2 trillion in economic activity.
Support Local Canadian Made Products
In an effort to support local businesses and find high-quality Canadian products, please see the list below:
| Economic Development & Tourism Services Contact: |
|---|
|
edts@forterie.ca| 905-871-1332 |
Contact Us
Town of Fort Erie
1 Municipal Centre Drive,
Fort Erie, ON, L2A 2S6
Phone: 905-871-1600
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