As tariffs on exports are suspended
It is important to prepare for the imposition of various commercial sanctions that will impact the Quebec aerospace industry.
Quebec support
The partners in our ecosystem are here to equip you to face this exceptional situation
The Fonds de solidarité FTQ announces a six-month deferral of loan payments (including principal and interest) for companies in its portfolio affected by American customs tariffs. This measure aims to reduce short-term financial pressure. The Fonds teams continue to engage with companies to adapt their support according to the evolving situation.
The firm KPMG conducted several surveys, here are the detailed projections in an article published on January 29, 2025, with some excerpts:
«Nearly two-thirds (65%) of Canadian companies surveyed have taken preventive measures, preparing for potential customs tariffs by shipping goods or products to the United States before President Trump's inauguration, according to KPMG's survey. Forty-eight percent also plan to transfer their investments to the United States and establish operations or production south of the 49th parallel to serve the American market and reduce costs.»
«The economic and trade policies of the new American administration have enormous repercussions in Canada and around the world,' said Lucy Iacovelli, Canadian Managing Partner, Tax and Legal, KPMG in Canada. 'Canadian companies can take significant steps to prepare for trade disruptions and increased costs, and to strengthen their resilience."
