FITT Tariff & Diversification Resources

FITT Tariff & Diversification Resources

 

Recent tariffs and rapidly changing international trade policy is creating a challenging environment for businesses U.S.-Canada border and beyond. 

This page is a collection of training, resources, and information businesses can use to understand, navigate and mitigate the risk tariffs pose. It also provides training and tools businesses can use to look beyond the immediate impact of tariffs, seize new international opportunities, and plan for a more diversified supply chain. 

Check back often, as we will continue to add resources and information.  

Have a resource you’d like us to add? Contact us at info@fitt.ca.

 

How can I learn more about tariffs and exporting? 

 

EDC-FITT course: Feasibility of International Trade 

When businesses lose money on their international ventures it is typically because risks are not managed properly, because the organization failed to identify their export costs in a particular market, including import tariffs to be paid by the importer of record.  

Learn about the process of analyzing export costs and pricing trade terms to assess the viability of an export transaction. FITT’s course Feasibility of International Trade helps organizations determine whether international business opportunities are viable, and if the potential benefits outweigh the risks and total costs for exporters. 

 

EDC-FITT Lite Learning Resources 

Conducting Cost and Pricing Analysis for Exporting Products 

Before exporting your products, you need a cost and pricing strategy to ensure your transactions will be viable. Learn how Incoterms® and HS codes can affect your costs, and set your pricing strategy based on market, environmental and internal factors. 

Selecting a Market Entry Strategy 

Want to move into a new market, but aren’t sure what to do next, or how to manage the potential risks and costs? Learn about the strengths and weaknesses of each market entry option, and the accompanying process you need to take to select the strategy that will work best for you. 

Crossing Borders and Managing Customs 

Shipping across borders involves keeping track of many various agencies, laws, regulations and customs. Learn how customs and border security agencies function, which steps you need to follow to comply with all customs regulations, protocols and programs, and how customs brokers can help. 

Establishing Sales Channels to International Markets 

Learn about each available sales channel to reach your international markets, as well as how to select which option(s) are best for you, manage your sales relationships and abide by laws applying to your products or services. 

 

Webinar On-Demand – How to overtake tariff risks and seize global opportunities 

This 60-minute webinar covers: 

  • What is the potential impact of tariffs on both exporters and importers?   

  • What strategies work to mitigate tariff-associated risks?  

  • How can companies can get started exploring new markets?  

  • What are the tools, resources, and steps needed to diversify successfully? 

 

How can I learn more about diversifying my export markets? 

EDC-FITT course: Feasibility of International Trade  

Identify the best potential markets for your business by screening them with research based on clearly identified criteria. FITT’s course Feasibility of International Trade outlines the importance of market diversification and helps determine whether you're ready to expand, and which markets will work best for you. Learn how to accurately assess your company's current ability to grow internationally and conduct the right research, efficiently and cost effectively. 

 

FITT Partners 

Export Development Canada 

Preparing your business for tariffs: A checklist for exporters 

Canadian Trade Commissioner Service 

Diversify your exports with the Trade Commissioner Service 

 

More Resources 

Business Development Bank of Canada 

Canada Tariff Finder 

Resources for Canadian Business Facing Tariffs 

Startup Canada  

Tariff Toolkit