US tariffs on imports of Chinese-origin products went into effect at 12.01am ET on February 4, 2025, with 10% duties being imposed on all imports of Chinese-origin goods. The executive order implementing the tariffs directs that in addition to imposing 10% tariffs on all goods of Chinese origin, low-value shipments of Chinese-origin goods are no longer eligible for duty-free entry under Section 321 of the Tariff Act of 1930 (19 USC 1321), significantly impacting e-commerce…
In a recent U-turn, President Donald Trump has announced a 30-day pause on tariffs for Canada and Mexico, which were imposed via executive orders signed on February 1, 2025. President Trump had justified the imposition of the tariffs by stating that Canada and Mexico had failed to stem illegal immigration into the US, as well as prevent fentanyl from being imported into the country. Our update regarding the pause on U.S. tariffs to be imposed…
Baker McKenzie’s Global Customs Practice invites you to join us for a webinar we’ll be hosting on “Trump and Tariffs: Focus on the US, Canada and Mexico”.This one-hour webinar will take place Wednesday, 5 February 2025 at 10:00 Mexico City / 11:00 EST / 17:00 CET. On February 1st 2025, President Trump signed executive orders imposing the long-anticipated tariffs he has called on for Canada and Mexico including 25% tariffs on non-energy imports from Canada and on all…
At the time of the publication of this blog post on February 3, 2025, the duties on Mexican products have been paused. Stay tuned for updates and insights and practical tips for trade between the United States and Mexico. On February 3, 2025, minutes before the Mexican President’s daily press conference, Claudia Sheinbaum, President of Mexico, and Donald Trump, President of the United States, held a telephone conference whereby they agreed to pause, for one…
President Trump signed an executive order on February 1, 2025 (“Executive Order”), imposing the long-anticipated tariffs on Canada, Mexico, and China under the International Emergency Economic Powers Act (“U.S. Tariffs”).Canada retaliated swiftly by implementing retaliatory tariffs/countermeasures at a rate of 25% pursuant to sections 53 and 79 of the Customs Tariff by way of an Order in Council (United States Surtax Order (2025) (“Canada Tariffs”). Read the Government of Canada’s press release here. For the…
Baker McKenzie’s Canadian international trade and customs team is publishing a series of articles reviewing 2024 trade and customs compliance developments and looking ahead to 2025’s burgeoning issues. This article focuses on Canada’s trade remedies regime. Before we dive into the trade remedies outlook, here is an overview of the current state of politics in Canada, which includes a discussion of the legislative powers that remain while Canadian Parliament is prorogued until March 24, 2025.…
Monday January, 20 2025 saw the much anticipated swearing-in of President Donald Trump for the second time. As a central element of his campaign, Trump had previously promised tariffs from Day One, however since taking office it now appears tariffs will not be imposed with immediate effect, but over the coming weeks and months (Trump has nonetheless implied that 25% tariffs may be introduced on products from Canada and Mexico as soon as February 1).…
Baker McKenzie’s Canadian international trade and customs team is publishing a series of articles reviewing 2024 trade and customs compliance developments and looking ahead to 2025’s burgeoning issues. This article focuses on Canada’s customs regime. Before we dive into the customs outlook, here is an overview of the current state of politics in Canada, which includes a discussion of the legislative powers that remain while Canadian Parliament is prorogued until March 24, 2025. (Click the…
Transfer pricing refers to the pricing of transactions between related parties within a multinational corporation, and ensuring these prices reflect market conditions and are not influenced by the parties’ relationship. Incorrect transfer pricing and customs valuations, including when importing goods across the Canada-US border, can lead to significant financial consequences, making it crucial for organizations to understand and apply the arm’s length principle.In this episode of In Focus, Baker McKenzie’s Julia Webster, Chris Raybould and Patrick de Laperouse…
As a result of the statement on migration, fentanyl and tariffs published by President Elect Donald Trump on November 25, 2024, Mexican President, Claudia Sheinbaum sent a letter to Mr. Trump expressing her concerns and the need to maintain the commercial partnership between the two countries. The letter was read by Mrs. Sheinbaum during her morning press conference of November 26, 2024 and was sent to Mr. Trump on that same day. A link to the…