
Understanding Tariffs: What Your Business Needs to Know
Published: March 7, 2025
With ongoing tariff discussions impacting trade between Canada, the U.S., Mexico, and China, businesses are left navigating new challenges. If you’re moving goods across borders or sourcing products internationally, understanding tariffs is key to protecting your bottom line.
What is a Tariff?
A tariff is a tax imposed on imported goods, used by governments to regulate trade, protect domestic industries, or respond to global disputes. While tariffs serve as policy tools, they can also create cost increases, supply chain disruptions, and compliance hurdles for businesses.
How Tariffs Impact Your Business
π Increased Costs β Higher import duties can raise prices, cutting into profit margins.
π Supply Chain Disruptions β Changes in tariffs may require businesses to reassess suppliers, sourcing, or shipping routes.
π Regulatory Uncertainty β Shifting trade policies makes planning difficult, increasing the need for compliance and strategic adjustments.
How Ramsay Customs & Logistics Can Help
β Tariff Classification & Compliance β We assess whether your goods are affected and identify cost-saving opportunities.
β Duty Recovery & Exemptions β If your products qualify for exemptions or refunds, we ensure you donβt overpay.
β Strategic Shipping Solutions β We help navigate alternative sourcing and routing options through Canadian free trade agreements.
Stay Ahead of Tariff Changes
Trade policies are evolving rapidly, but with Ramsay Customs & Logistics, you have a clear path forward. If tariffs affect your business, we can help you navigate the complexities.
π© Email us at [email protected] to discuss your options.