Tariff Resources

Peterborough County Tariff Response Action Plan

Background

On Saturday, February 1, 2025, US President, Donald Trump announced crippling levies of 25% on Canadian exports and a 10 percent tariff on Canadian Energy.

To counter these U.S. tariffs, Canada responded by applying 25% tariffs on $30 billion worth of American goods coming into Canada as of Tuesday February 4, 2025, with further tariffs and non-tariff responses to follow. On February 3, 2025, a temporary pause was announced for 30 days on the implementation of tariffs. It is anticipated the pause will be lifted in the coming days.

While it is important to recognize that this is a fluid situation with many changes and reactions expected daily; the Canadian reliance on trade with the U.S has been fundamentally disrupted and vulnerabilities exposed. Managing this disruption will require both short-term and long-term reactions and will require significant collaboration with partners.