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‘Everyone’s in crisis mode’: How Canadian companies are rushing to prepare for day one of Trump’s tariffs

With Tuesday's deadline approaching, exporters are scrambling to get paperwork in order while exploring longer term workarounds



Canadian companies are in crisis mode as they rush to prepare for the imminent implementation of U.S. tariffs, with a Tuesday deadline looming. Businesses are scrambling to classify goods, minimize duties, and determine export levy responsibilities, while customs brokers and consultants are overwhelmed with inquiries. The tariffs, set to impose 25% on Canadian goods and 10% on energy, are expected to disrupt trade, with no sector insulated from the threat. Companies are exploring long-term strategies, such as diversifying supply chains, moving production to the U.S., or targeting new markets beyond North America. The uncertainty has also led to contingency planning, with some delaying U.S. expansion and redirecting efforts to the Canadian market. The potential for a tariff war further complicates the situation, as companies brace for long-term impacts.

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