On July 30 and 31, President Trump issued several significant trade measures. The new developments come just days, or in some cases, hours, before the August 1 deadline for the “Liberation Day” reciprocal tariffs to resume. New Reciprocal Tariffs Announced On July 31, President Trump issued an Executive Order entitled “Further Modifying the Reciprocal Tariff Rates.” The Order sets new tariff rates for dozens of countries just hours before the “Liberation Day” reciprocal tariffs were…
Canada announced further protections for its domestic steel industry, expanding the application of a 50% surtax on certain steel goods initially implemented on June 27, 2025 (Steel Surtax) and introducing a 25% surtax on all imported steel products (with the exception of the US) that contain steel melted and poured in China. The Steel Surtax was introduced following a public consultation to address the risk of steel trade diversion from third countries to the Canadian…
As mentioned in our US customs team’s blog post, on July 10, US President Trump announced 35% tariffs on imports from Canada. The new tariffs are scheduled to commence on August 1. Current US tariffs on Canada include 25% tariffs on Canadian origin goods excluding US-Mexico-Canada Agreement (USMCA) qualifying goods, 10% tariffs on energy products and potash, 50% tariffs on steel and aluminum goods and derivative products, and 25% tariffs on automobiles and parts. The…
Days after announcing tariffs ranging from 20% to 50% against 22 countries (see our earlier commentary here and here), President Trump introduced tariffs of 35% on imports from Canada on July 10, and 30% tariffs on the E.U. and Mexico on July 12. The E.U., Mexico, and Canada represent the United States’ three largest export markets and together account for approximately 80% of U.S. exports. The new tariffs are due to commence on August 1.…
The Canada Border Services Agency (CBSA) issued its bi-annual update to its trade verification priorities this week. These priorities provide notice to Canadian importers of the goods and customs programs which will be targeted by CBSA’s compliance crosshairs throughout the remainder of 2025. Several goods remain subject to the CBSA’s 2025 trade verification priorities for their 2nd, 3rd and 4th round. While the verification priorities under tariff classification and origin announced in January remain static, the CBSA has not…
As Canada and the US celebrated their respective anniversaries of confederation and declaration of independence last week, we revisit the last few weeks of US-Canada trade-related headlines and breakdown their significance for Canadian and US businesses. While other US trading partners stare down the US administrations’ August 1 “reciprocal” tariff deadline, Canada is focused on inking a new trade and security deal prior to July 21. Canadian and US businesses should take note of…
To date, Canada has implemented three rounds of retaliatory tariffs at a rate of 25% against certain US origin goods, with a fourth round of retaliatory tariffs pending after a public consultation period closed on April 2, 2025 (“Retaliatory Tariffs”). Canada has also announced several remission order processes which provide relief from the retaliatory tariffs. The below chart provides a snapshot of the applicable 25% tariffs, available exceptions and the relevant remission processes announced as…
Canada now faces tariffs on Canadian-origin goods issued by two major trading partners: the United States and China. On March 8, China’s Ministry of Commerce (MOFCOM) announced retaliatory tariffs on Canadian agricultural and seafood products in response to Canada’s Fall 2024 implementation of a 100% surtax on Chinese origin EVs and 25% surtax on Chinese origin steel and aluminium products. China’s retaliatory tariffs follow its conclusion of an anti-discrimination investigation against Canada that was initiated…
In the latest of a series of recent tariff developments, the White House has announced a temporary indefinite suspension of tariffs on certain goods from Canada and Mexico which comply with the United States-Mexico-Canada Agreement (USMCA) origin requirement, effective from 7 March 2025. The tariffs, initially imposed on 4 March 2025, included a 25% duty on Canadian and Mexican goods, with a reduced 10% rate for Canadian energy products. While several White House officials have…
In brief With the official declaration of the Canada- U.S. tariff war, Canadian consumer behavior has undergone a significant shift, sparking a renewed sense of patriotism and a robust “buy Canadian” movement. As tariffs are expected to drive up the cost of imported goods, Canadians are increasingly turning to domestically-produced products. To meet this growing demand, many companies are emphasizing the Canadian origin of their products through labeling and product claims. However, businesses must navigate…