The United States imposes tariffs of 25% on Canadian goods and 10% on Canadian oil and gas imports initially scheduled for February 4, 2025 have been paused until March 4, 2025, at 12:01 a.m. eastern time.   The Langley Chamber welcomes this pause and urges the Canadian government to take this time to continue negotiations with the US Administration to ensure they understand why these would be counter to their own interests, but also to build the off-ramp needed to remove the threat of tariffs once and for all by addressing the real and perceived issues outlined in the President's Executive Order.

This 30 day pause also gives businesses an opportunity to plan for the tariffs should they go ahead.   Visit our landing page at LangleyChamber.com/Tariffs for resources, funding opportunities, connections, and events designed to educate businesses around the tariffs and about export diversification.   

Strategies some exporters may wish to explore include pre-loading exports into the United States before March 4 to build up tariff-free inventory in the US for fulfillment after March 4 if the tariffs materialize, or considering developing a US subsidiary to transfer product to at a lower, transfer price before marking-up and retailing into the US from there.   Some exporters to the US may also wish to explore diversifying their markets and developing trading options outside of the US altogether.  

Importers of US goods should take this month reprieve to consider diversifying their supply chain to non-US suppliers, whether from other international markets or from Canadian suppliers.  The Langley Business Directory is a searchable database of 1150 Langley businesses which can help you shop for supplies and inputs locally.   Langley Business Directory >