Our resource hub is designed to help you navigate the ever-changing landscape of tariffs.

Here, you’ll find up-to-date information, expert insights, and practical tools to help you.

Following the Federal Government’s latest announcement, we wanted to provide CTMA members with an update on Canada’s response to the new U.S. tariffs taking effect on September 8, 2026.

The Canada Strong Response Plan, introduces targeted counter-tariffs and $7.5 billion in support for Canadian businesses and workers affected by U.S. tariffs. From new funding opportunities and BDC financing to workforce retention grants and EI enhancements, here’s what manufacturers need to know before the September 8 implementation.

The Ontario Government has launched the Protect Ontario Financing Program to assist eligible Ontario companies impacted by tariffs with financial support to help cover everyday expenses (working capital).

The Program is designed to provide critical support for businesses that are facing significant tariff-related disruptions as a result of s.232 tariffs on steel, aluminum and autos.

This fund will provide immediate relief for Ontario businesses that are facing s.232 tariff-related working capital challenges, such as:

• payroll
• lease payments
• utility payments
• Eligibility

The Ministry of Economic Development, Job Creation & Trade (MEDJCT) has recently launched a new competitive funding program to support businesses to make near-term investments to enhance trade security and trade diversity – the Ontario Together Trade Fund (OTTF).

The program provides funding for companies to address impacts of U.S. trade disruptions and that align with Ontario’s key economic priorities.

• How the 2025 Federal Election May Impact Government Grants for Canadian Businesses

• New $50 Million Ontario Together Trade Fund Opens April 23

• Ontario Small Business Support Grants for Tariffs

In response to U.S. President Donald Trump’s announcement of the “Liberation Day” tariffs on April 2, 2025, Canadian political leaders and industry representatives have expressed strong opposition and outlined countermeasures to protect the nation’s economic interests.

Executive Director, CTMA, Robert Cattle shared this video on LinkedIn, in response to the announcement on April 2, 2025. Some key points:

• As we all await clarification on affected products we are clear that a 25% tariff still applies to steel, aluminum, assembled vehicles, some automotive parts.
• CUSMCA agreement complexities could create confusion.
• CTMA President, Executive Director and Government Relations Committee held late evening and early morning meetings to solidify a strategic action plan to advocate for members interests.
• CTMA has been supporting and advocating for the precision metalworking industry for 60+ years. We are stronger together.

In this article we explore how this can affect our members and what our members can do now, including

• Review Contracts & Costs
• Stay Updated
• Engage & Advocate

Our President Louis Jahn offers his perspective.

Read more…..

BDC RESPONSE

As part of a broader Canadian response, BDC just announced it will leverage the full force of its financing and advisory services across the country to support small and medium-sized enterprises (SMEs) directly impacted by the uncertainty around US tariffs.

As of now, BDC is:

• delivering a new Pivot to Grow $500 M envelope to provide financing to SMEs financially impacted by the chill effects of potential or imposed US tariffs.

• providing trade resilience consulting solutions to help businesses with their U.S. tariff action plans, focusing on financial management, operational efficiency, and market diversification

• sharing high-value insights and best practices with entrepreneurs through enhanced interactions with clients and partners, including weekly client councils, SME surveys, and deep dive interactions with businesses across the country, in all sectors

• collaborating with governments, the private sector and partners within the ecosystem that support businesses as part of the broader Canadian response

To learn more about what BDC is doing to help, visit BDC’s tariff response page.

EDC Trade Impact Program

Increased support for Canadian companies

Across Canada, businesses are feeling the impact of market uncertainty. Export Development Canada (EDC) understands the challenges that exporters—the primary contributors to our economy—are confronting. For more than 80 years, we’ve stood tall when Canadian companies needed us most. Now, we’re moving quickly to provide meaningful support to Canadian exporters and investors as you adjust and adapt to these new market realities.

The EDC Trade Impact Program will facilitate an additional $5 billion over two years in support for eligible companies across a range of products to help you navigate economic challenges.

To learn more about the program visit their EDC Trade Impact Program page.