Navigate Tariff & Trade Turbulence with Confidence
Steps to Take Immediately

Conduct a Thorough Supply Chain Review
Examine supplier contracts and explore diversification opportunities.

Have Funds Available
Consider lining up credit should the business impacts continue for longer periods of time.

Review Trade Practices
Assess your cross-border dealings and evaluate opportunities to make adjustments to operating locations, product mix and pricing structures.

Enhance Treasury Oversight
Boost cash reserves, forecast cash flows more frequently, employ digital payments and incorporate currency hedging strategies.
Manage Your Exposure
Review the following areas of your business to help mitigate the impact that tariffs and trade uncertainty can have on your bottom line.

Business Operations
Leverage your cross-border footprint creatively. Having a presence in both the U.S. and Canada creates opportunities to manage tariff exposure strategically. Examine alternate supply chains and serving markets with local operations.
Supplier diversification. Explore less tariff-impacted regions and consider supply chain financing for inventory and receivables. Assess nearshoring or onshoring opportunities for reducing operational risk.
Finances & Treasury
Review cash segmentation. Look into increasing liquidity buffers to maintain higher cash reserves. Also think about centralizing cash (cash pooling) to optimize liquidity across jurisdictions.
Enhance cash forecasting. Stress test your forecasts to account for potential impacts on sales, supply chain costs and changing customer behaviour as trade developments and economic indicators shift. Maintaining a common platform to manage Canada & U.S. operation finances is highly recommended.
Manage currency risk. Adopt multicurrency accounts and other solutions to help manage foreign exchange exposure. Consider leveraging payments/receivables in their source currency to minimize conversion costs.

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External Resources
We recommend staying in touch with trade associations and relevant industry groups—they are important
sources of support and strong advocates for the industry.