Understanding the potential impact of tariffs
Tariffs may influence pricing, working capital, client demand, and supply chains. Understanding how they may affect your business can help you plan and make informed decisions.
Government support programs available to you
How National Bank can support your business
Our specialists are here to help you evaluate your financial needs and explore solutions that align with your business priorities.
Liquidity and financing
Explore solutions to support working capital, cash flow, and financing needs.
Foreign exchange
Evaluate currency exposure and identify strategies to manage risk.
International trade
Explore payment-risk tools, letters of credit and receivables solutions.
Market diversification
Explore opportunities to diversify your supplier base and support your business growth in new international markets.
Practical resources to help you navigate tariff changes
Frequently asked questions
As a client, what should I do first?
Start by identifying affected products, confirming tariff classifications, and assessing potential financial implications. Clients can then discuss their financing, liquidity, foreign exchange, and international trade needs with their National Bank account manager to explore appropriate solutions.
Should I review my contracts?
Yes. You should review contract terms related to tariff responsibility, Incoterms, pricing adjustments, renegotiation rights, and termination provisions. Depending on the circumstances, seeking legal advice may be advisable.
Can National Bank confirm eligibility for a government program?
No. Eligibility must be confirmed directly with the applicable government authority. National Bank specialists can help identify relevant programs and resources for your business to explore.
Does CUSMA compliance automatically exempt a product from tariffs?
Not necessarily. Tariff treatment depends on the specific measure and product classification. Maintain accurate proof of origin documentation and consult a customs specialist to confirm eligibility
Let's discuss your business needs
Contact your National Bank account manager to assess your situation and explore solutions tailored to your financing, liquidity, and growth objectives.
For more information, visit the Banking solutions for business page.
IMPORTANT: Tariff treatment varies based on the product, its classification, and any applicable exclusions. Clients should consult with customs and legal professionals to determine how tariffs may apply to their specific situation.