Understanding Tariffs

Insights and Impacts for Lloydminster Businesses

As part of our commitment to fostering a dynamic business environment, the Lloydminster Chamber of Commerce provides insights into tariffs, their implications, and resources to help businesses navigate these challenges.

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See the Latest Updates from the Canadian Chamber of Commerce

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Track Business Conditions in Real-Time

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Find Live Emergency Updates and Resources to Support Your Business

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Stay Up To Date With the Saskatchewan Chamber of Commerce

Canada’s Provincial Chambers Unite for Economic Growth and Stability

A united effort to drive economic growth, strengthen domestic trade, and enhance Canada’s global competitiveness.

Amid ongoing trade conflicts with the United States, Canada’s provincial Chambers of Commerce, under the “Chambers of the Federation” initiative, have presented a bold agenda to Canada’s Premiers. This united effort seeks to drive economic growth, strengthen domestic trade, and enhance Canada’s global competitiveness.

Key recommendations include:

  • Removing Barriers to Interprovincial Trade and Labour Mobility: Advocating for seamless movement of goods, services, and talent across provinces.
  • Establishing a National Energy Corridor: Facilitating the movement of resources like oil, natural gas, and electricity across Canada to unlock new markets.
  • Bolstering Domestic Procurement and Supply Chains: Aligning procurement policies to prioritize Canadian content and investing in industrial capacity.
  • Strengthening U.S. Trade Relations: Accelerating the renewal of the Canada-U.S.-Mexico Agreement (CUSMA) review to solidify trade ties.

This initiative reflects the commitment of Canada’s business leaders to collaborate and take immediate action to secure the nation’s economic resilience and competitiveness.

The Lloydminster Chamber of Commerce supports these efforts and remains dedicated to advocating for local businesses. For more information on how these initiatives could impact your business, contact us at info@lloydminsterchamber.com or 780-875-9013.

Stay Up-to-Date on the Latest Announcements

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  • Tariffs

Tariff Turmoil: A Summary of the Latest U.S. – Canada Trade Developments

President Trump has signed two executive orders temporarily suspending tariffs on various Canadian and Mexican goods. These tariffs, which had taken effect just two days earlier, were a response to Ontario’s announcement of a 25% surcharge on electricity exports to the U.S. The situation remains fluid, and ongoing updates are expected as both countries navigate […]

Service Canada’s Work-Sharing Program Information Session

The Lloydminster Chamber of Commerce encourages local businesses to attend an important information session hosted by Service Canada. This session will provide key insights into the Work-Sharing Program, a valuable resource for businesses facing temporary slowdowns. Event Details: Topic: Work-Sharing Program Information Session for Employers Overview: Learn how the Work-Sharing Program can help employers manage temporary downturns, […]

Preparing for Tariffs

Information Hub & Trade and Tariffs

Trade Accelerator Program

Member Needs Help Q & A

Driving Growth and Opportunity: A Message from the Lloydminster Chamber

Advocating for Economic Growth and Resilience in Lloydminster and Beyond

The Lloydminster Chamber of Commerce stands firmly with Canadian businesses as they face the challenges posed by the U.S. decision to impose a 25% tariff on key goods. This policy has significant implications for industries across the country, including those in Lloydminster and surrounding areas.

According to the Canadian Chamber of Commerce, these tariffs are not just a trade issue—they are a direct threat to the competitiveness of Canadian businesses. They increase costs for manufacturers, disrupt supply chains, and ultimately burden consumers with higher prices.

How Does This Impact Lloydminster?
A recent report from the Business Data Lab highlights that certain Canadian cities, including trade-reliant regions like ours, are more vulnerable to these tariffs. With industries like agriculture, manufacturing, and energy forming the backbone of our local economy, the ripple effects of these tariffs could be far-reaching.

Our Stance:
The Lloydminster Chamber of Commerce, in alignment with the Canadian Chamber of Commerce, is advocating for:

  • Fair Trade Practices: We call on both governments to engage in constructive dialogue to resolve trade disputes.
  • Support for Local Businesses: We urge policymakers to introduce measures that mitigate the impact of tariffs on Canadian businesses, such as financial support programs and tax relief.
  • Diversification of Trade: Encouraging businesses to explore new international markets to reduce dependency on a single trade partner.

How We’re Helping:
The Chamber is committed to supporting our members through advocacy, resources, and community initiatives. We are working to provide tools and information to help businesses navigate these challenging times.

What You Can Do:

  • Stay Informed: Follow updates from the Canadian Chamber of Commerce and the Business Data Lab for the latest insights.
  • Speak Up: Share your experiences with us. Your stories help us advocate more effectively on your behalf.
  • Diversify: Explore new markets and opportunities through Chamber programs and connections.

Together, we can weather these challenges and continue to foster a dynamic and resilient business environment in Lloydminster.

For more information, visit Canadian Chamber’s Statement or Business Data Lab’s Report.

Contact Us:
If you have questions or need support, don’t hesitate to reach out to us at 780-875-9013 or info@lloydminsterchamber.com.

Together, we’re stronger.

Resources for businesses affected by U.S. tariffs

Tariff Updates

Tariff Toolkit

Trade Impact Navigator; Tariff Exposure Risk Assessment Tool