China has announced new tariffs on Canadian imports in response to Canada’s trade restrictions, imposing 100% tariffs on canola oil, oilseed meal, and peas, and 25% tariffs on seafood and pork effective March 20, 2025. This escalating trade war between China and Canada threatens key industries, impacting agriculture, seafood, and global supply chains.
The U.S. has paused tariffs on Canadian and Mexican USMCA-compliant goods, allowing time for further trade negotiations. The suspension affects key industries, including automotive manufacturing, while steel and aluminum tariffs are set to go ahead March 12. Full details here.
We've provided detailed guidance on new tariffs effective March 4, 2025, covering imports from Canada, Mexico, and China. These include a 25% tariff on most goods, a 10% tariff on Canadian energy products, and an increase on Chinese imports from 10% to 20%. Steel and aluminum imports are subject to a 25% tariff, while Russian aluminum faces a 200% tariff. Limited exemptions apply under HTS provisions. Details here.
The U.S. imposed new tariffs on Canada, Mexico, and China starting March 4, 2025, with no exemptions. Canada responded with 25% tariffs on $30 billion in U.S. goods, with a possible second phase. These tariffs override USMCA benefits, and importers must reassess customs surety bonds to meet rising duty obligations.
The U.S. has launched a Section 232 investigation into the national security risks posed by timber and lumber imports, citing concerns over foreign dependence, supply chain vulnerabilities, and unfair trade practices. The probe, expected to conclude within 270 days, may lead to tariffs, export controls, or incentives to strengthen domestic wood production and safeguard economic stability.
The U.S. has launched a Section 232 investigation into the national security risks of copper imports, citing concerns over foreign dependence, supply chain vulnerabilities, and economic stability. The probe could lead to tariffs, export controls, or incentives to strengthen domestic production, with findings expected within 270 days.
Trump’s executive order imposing a 25% tariff on Canadian and Mexican imports and a 10% levy on Canadian energy goes into effect March 4th, 2025. In response, Canada will follow through with applying its $155 billion retaliatory tariff package, escalating trade tensions across North America and raising concerns over economic disruptions, particularly in the manufacturing, energy, and agricultural sectors.
On March 2, the White House delayed the removal of de minimis treatment for Canadian and Mexican imports, keeping the tariff exemption in place until systems are ready to efficiently collect revenue.
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