U.S. Tariff Impact & Business Support Portal

As of June 4, 2025, the United States imposed tariffs on key Canadian exports, including: 50% tariff on steel and aluminum imports (Increased from 25% to 50%, effective June 4). 25% tariff on Canadian-assembled vehicles with non-U.S. components and on most non-CUSMA-compliant imports. 10% tariff on energy, energy resources and potash. On July 10, President Trump stated that the U.S. would impose a blanket 35% tariff on imports starting August 1, 2025. An exclusion for goods covered by the United States-Mexico-Canada Agreement (USMCA) was expected to stay in place as well as tariffs on energy and fertilizer.

The City of Belleville is committed to helping businesses launch, grow, and expand by providing the support and resources they need to navigate key economic and business challenges.

As part of this commitment, we are keeping local businesses informed about the latest developments on U.S. tariffs and their potential impact on trade, supply chains, and local industries. As these policies continue to evolve, we will provide timely updates and resources through our U.S. Tariff Impact & Business Support Portal to help businesses navigate these changes.

We are working closely with community and government stakeholders to connect businesses with resources that will help them through these challenging times. Check back regularly for updates, insights and resources.

We want to hear from you! Let us know how the tariffs are affecting your business: Take the survey!

The Government of Canada Response

In response to U.S. Tariffs, the Government of Canada has implemented counter-tariffs on various U.S. imports and introduced support measures to assist affected businesses.

Government of Canada Announces New Measures to Protect Canadian Businesses and Workers: On March 7, 2025, the Government of Canada has announced new measures to protect Canadian businesses and workers, including the launch of a Trade Impact Program ($5 billion over two years), $500 million in favourably priced loans through the Business Development Bank of Canada and $1 billion in new financing through Farm Credit Canada.

Supporting your Business Through Trade Uncertainty

Support for Businesses

Work-sharing Program (ESDC)

From March 7, 2025 to March 6, 2026 there are work-sharing special measures in place to support businesses affected by the threat or potential realization of tariffs.

Learn More: Work Sharing Special Measurements

Ontario Together Trade Fund (OTTF)

OTTF provides financial support to help businesses near-term investments to serve more interprovincial customers, develop new markets and re-shore critical supply chains in the face of tariffs.

Learn More: Ontario Together Trade Fund

Canada Development Investment Corp: Large Enterprise Tariff Loan Facility (LETL)

LETL is a loan program designed for large Canadian companies impacted by tariffs and having limited access to conventional financing options.

Learn More: LETL Overview

BDC Pivot to Grow Loan

BDC offers eligible businesses up to $2 million in flexible, low-cost financing to adapt and grow in the face of tariffs or supply chain disruptions.

Learn More: Pivot to Grown Loan

BDC: Ask the Experts: How to plan for trade uncertainty and economic volatility

2 hours free advice to discuss how to strengthen your business resiliency in the face of tariffs and trade uncertainty.

Learn More: How to plan for trade uncertainty and economic volatility? Ask our experts!

Canadian Boarder Services Trade Incentives

CBSA offers duty relief programs to help businesses remain competitive by reducing or eliminating certain import duties under qualifying circumstances.

Learn More: Trade Incentive Programs

EDC Trade Impact Program

A two-year $5 billion incentive that helps eligible Canadian exporters navigate tariff-related impacts and grow their presence in new markets

Learn More: EDC Trade Impact Program

Farm Credit Canada Trade Disruption Customer Support Program

Tailored lending solutions to support agri-food businesses affected by global trade disruptions.

Learn More: Trade Disruption Customer Support Program

Canada Boarder Services Agency: Duty Relief Program & Drawback Program

Duties Relief Program: This program lets eligible businesses bring in commercial goods without paying duties provided the goods are later exported.

Learn More: Duties Relief Program

Canadian businesses can claim duty refunds on imported goods that are later exported either as-is or after manufacturing.

Learn More: Drawback Program

Trade Commissioner Services (TCS) Tariff Resources

The Trade Commissioner Service (TCA) has launched new tools to help Canadian exporters navigate the CUSMA compliance

Service Canada Call Centre: Need help with CUSMA compliance? Call their dedicated support line at 1-833-760-1167 or see tradecommissioner.gc.ca

Tariff Resources & Assistance

We are working closely with community and government stakeholders to connect businesses with resources that may help them through these challenging times. Check back regularly for updates, insights and resources.

Department of Finance