U.S. Tariffs & Sustainability: What it means for Canadian businesses
New U.S. tariffs on Canadian goods — including 10% on energy and 25% on steel/aluminum — are disrupting trade and driving up costs. Canada’s countermeasures add further pressure. This turbulence puts sustainability efforts at risk just when they’re needed most.
What this means for your business
- Financial strain may shift focus away from long-term sustainability.
- Supply chain changes create pressure to source quickly, risking ethical or environmental shortcuts.
- Climate risk is rising, as some markets revert to coal and other high-emission energy sources.
- Opportunities exist, including reshoring supply to cut emissions and scaling Canadian clean energy capabilities.
What you can do
- Make the business case for sustainability
Even small wins (like energy savings) can support the bottom line. - Rethink your supply chain responsibly
Embed ESG criteria into supplier selection and work together toward shared goals. - Reassess climate risks and resilience
Adapt assessments to reflect rising financial pressures and climate risks in new geographies being explored. - Seize the local advantage
Scale domestic capabilities and exploit emerging sustainability-related opportunities
How Forvis Mazars can help
We help you turn disruption into opportunity by integrating sustainability into strategy, risk management, and operations:
- Develop decarbonization plans aligned with business goals
- Embed ESG practices across global supply chains
- Conduct robust climate risk assessments
- Elevate sustainability reporting and compliance
Let’s work together to build resilient, responsible growth—even in uncertain times.
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