Export development Canada
  • Français
  • MyEDC Account

    • Manage MyEDC Profile
    • MyEDC dashboard
    Log out of MyEDC

    Log in or sign up for…

    • Knowledge and advisory (MyEDC)
    • Credit Insurance
    • Portfolio Credit Insurance
    • Invoices and statements
    • Select Credit Insurance
    • Other EDC accounts
    • Contract Insurance & Bonding (EDC Direct)
    • Trade Partnership Insurance
    • Financial Institutions Risk Manager
    • Service providers
  • Contact us
  • 

    About exporting

    Seize new opportunities to grow your customer base, increase revenue and generate more profits.

    Welcome to EDC

    • Getting started
    • Diversify to new markets

    Trade expertise for

    • Cleantech
    • Black entrepreneurs
    • Indigenous Business
    • Women in trade
  • 

    Our solutions

    Manage the risks of doing business abroad and access the working capital and financing you need to grow your business.

    Managing Risks

    • EDC Trade Impact Program
    • Credit Insurance
    • Select Credit Insurance
    • Portfolio Credit Insurance
    • Performance Security Insurance

    Securing Financing

    • Investments
    • Investment Matching Program
    • Inclusive Trade Investments Program
    • Direct Lending
    • Buyer Financing
    • Structured and Project Finance

    Growing Working Capital

    • Working Capital Guarantees
    • Export Guarantee Program
    • Account Performance Security Guarantee
    • Foreign Exchange Facility Guarantee
    • Trade Expansion Lending Program
    • Surety Bonds

    Knowledge & Advisory

    • MyEDC
    • Get Export Help & Trade Advice
    • Search International Companies
    • Find Qualified Service Providers
    • Learn with EDC | FITT Lite Learning Series
    • Connect to Global Opportunities
  • 

    Country and economic info

    Research international markets and get expert insights into the trends driving global trade.

    Search by Country or Market

    • Search all countries and markets
    • Indo-Pacific market intelligence
    • Europe market intelligence
    • U.S. market intelligence

    Expert analysis and insights

    • EDC Economics: Connecting Canada to the world
    • Global Economic Outlook
  • 

    TradeInsights

    Explore our collection of learning resources designed to help you succeed in international markets.

    Browse Insights

    • Advice and insights
    • Webinars and events
    • Podcasts
    • Subscribe to receive EDC resources straight to your inbox
  • 

    About us

    Learn about Export Development Canada (EDC), a Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage.

    About our company

    • Corporate information
    • Management and governance
    • Transparency and Disclosure
    • Corporate reports
    • Newsroom
    • File a complaint

    Environmental, Social and Governance

    • ESG at EDC
    • Environment
    • Social
    • ESG Governance

    Working with us

    • Careers
    • Student programs
    • Procurement
  • Log in

    • Manage MyEDC Profile
    • MyEDC dashboard
    • Log out of MyEDC

    Log in or sign up for…

    • Knowledge and advisory (MyEDC)

    Credit Insurance

    • Portfolio Credit Insurance
    • Invoices and statements
    • Select Credit Insurance

    Other EDC accounts

    • Contract Insurance & Bonding (EDC Direct)
    • Trade Partnership Insurance
    • Financial Institutions Risk Manager
    • Service providers
  • Français

Withstand tariff uncertainty

95,000+ Canadians use our trade intelligence. You can too.

Grow your business abroad with exporting insights sent straight to your inbox.

I consent to receive regular trade insights and information about EDC solutions and events. I can withdraw my consent at any time by unsubscribing to any such message.

Successful Submission

You’re in!

Your request has been submitted. Keep an eye on your inbox; EDC’s trade intelligence is coming your way.

Withstand tariff uncertainty

95,000+ Canadians use our trade intelligence. You can too.

Grow your business abroad with exporting insights sent straight to your inbox.

I consent to receive regular trade insights and information about EDC solutions and events. I can withdraw my consent at any time by unsubscribing to any such message.

Successful Submission

You’re in!

Keep an eye on your inbox; EDC’s trade intelligence is coming your way.

A young businessman wearing eyeglasses is seated at a desk in an office, intently focused on his computer monitor.
  1. TradeInsights
  2. Article

Preparing your business for tariffs: A checklist for exporters

February 14, 2025 Manage Risk

In this article:

  • Tariff risk mitigation checklist for Canadian businesses
  • How EDC can help

Wait! Don’t go!

95,000+ Canadians use our trade intelligence. You can too.

Grow your business abroad with exporting insights sent straight to your inbox.

I consent to receive regular trade insights and information about EDC solutions and events. I can withdraw my consent at any time by unsubscribing to any such message.

Successful Submission

You’re in!

Your request has been submitted. Keep an eye on your inbox; EDC’s trade intelligence is coming your way.

Are you missing out?

95,000+ Canadians use our trade intelligence. You can too.

Grow your business abroad with exporting insights sent straight to your inbox.

I consent to receive regular trade insights and information about EDC solutions and events. I can withdraw my consent at any time by unsubscribing to any such message.

Successful Submission

You’re in!

Your request has been submitted. Keep an eye on your inbox; EDC’s trade intelligence is coming your way.

As the global trade landscape evolves, Canadian exporters face new challenges. At Export Development Canada (EDC), we understand the concerns of Canadian businesses and are committed to providing the support and information needed to navigate these uncertainties.

Tariffs can disrupt your business, but with preparation, you may be able to minimize their impact. The risks can be complex, so we recommend that you work with your team of tax experts, legal counsel and customs brokers to evaluate your specific situation. Use this checklist to help guide your discussions and prepare for potential changes in the business environment.
 

Wondering how to mitigate the impact of tariffs on your business?

Download our free checklist

Tariff risk mitigation checklist for Canadian businesses

1. Conduct a thorough risk review of your supply chain

  • Identify potential risks beyond immediate suppliers, covering all links in the chain.
  • Consider diversifying your suppliers and source countries to mitigate exposure.
  • Understand the cost of your inputs in Canadian dollars, particularly for components priced in foreign currencies.

2. Mitigate contract risk

  • Review your contracts for clauses that could expose you to price volatility if tariffs are enacted, such as fixed price contracts.
  • Consult expert advisers to determine how to best protect yourself in your current and future contracts.

    • Tip: Investigate setting up automated clearing house (ACH) account with the U.S. Customs and Border Protection ahead of time to streamline possible tariff payments.

3. Review your trade credit insurance policies

  • Unanticipated tariffs may cause importers to repudiate contracts. In some cases, trade credit (receivables) insurance policies may cover this risk.

    • Tip: EDC Portfolio Credit Insurance allows you to offer longer payment terms and can cover contract repudiation in some cases.

4. Consider foreign exchange rate hedging strategies

  • Anticipate possible exchange rate volatility and take steps to protect your business.
  • Consider forward contracts or currency options to lock in future exchange rates. 

  • Stay competitive by knowing how much you’ll pay in Canadian dollars for purchases (or receive for sales) when quoting new business in foreign currencies.

    • Tip: EDC Foreign Exchange Facility Guarantee (FXG) can cover your collateral requirements on FX contracts.

5. Start planning ahead to make your business more resilient

  • Once you’ve resolved any immediate challenges in your market, consider expanding into new markets to de-risk your global market exposure.

    • Tip: EDC offers a range of financing solutions to support your growth in new markets. 

How EDC can help

As international risk experts, we can support your growth beyond Canada’s borders. Our solutions include:  

  • Access to working capital and financing
  • Insurance that lowers the risk of doing business abroad, allowing you to diversify your export markets
  • Expertise to help companies make informed decisions
  • Global relationships that connect Canadian and international companies  

You should also check out

Business people negotiating a contract.
Webinar
Navigating tariffs and customs regulations

Expert guidance on how to manage trade regulations, customs requirements and international contracts.

How to reach us

New to EDC? Take a quick assessment to see what we can do for your business. 

Already an EDC customer? Contact your EDC relationship manager or call us at 1-800-229-0575.

Contact EDC

     

Related topics

   

Receive, via email, EDC’s TradeInsights e-newsletter, trade information and other promotional messages to make smarter export decisions.

By submitting this form, I consent to receive EDC’s e-newsletters, trade information and promotional messages, and can withdraw consent at any time.

Thank you for reaching out to EDC.

Please watch your inbox for our email.

                                               

Recommended articles for you

  • Article
    April 09, 2024
    A photo of downtown Seoul, South Korea at night

    Manage risk through market diversification

    Learn how selling into multiple markets can help your business thrive.

  • Article
    June 08, 2023
    Workers are checking orders on a loading dock.

    Incoterms 2020: Understanding the Group C rules

    EDC trade advisor, Emiliano Introcaso, highlights the exporter’s responsibilities with Incoterms 2020’s Group C rules.

  • Article
    September 22, 2023
    An inspector stands in front of large shipping containers in different colors

    Compliance & logistics: What you don’t know could cost you

    Learn trade compliance best practices, and how to connect with vetted supply chain partners

  • Article
    April 09, 2025
    A smiling man in a safety vest and hat talking on the phone while holding a tablet in a shipyard, with a blurry woman in the background also wearing a safety vest and hat.

    How to find a trustworthy freight forwarder

    Learn how to find a trusted freight forwarder and how they benefit Canadian exporters.

Date modified: 2025-05-20

I consent to receive regular trade insights, as well as information about EDC solutions and events. I can withdraw my consent at any time by unsubscribing to any such message.

Sorry, our system is temporarily unavailable. Please try again later.

Thanks for subscribing

You’ll get our latest trade intelligence right to your inbox.

For partners and investors

  • Investors
  • Canadian financial institutions
  • Insurance brokers

Communities

  • Our alliances
  • Newsroom

Have questions?

  • Contact us
Government of Canada EDC Homepage
Export Development Canada
  • Privacy and Cookie use
  • Legal
  • Accessibility