Trump’s executive order imposing a 25% tariff on Canadian imports and a 10% levy on energy was delayed until March 4 after Canada agreed to new border security measures. At a White House press conference with French President Emmanuel Macron on February 24, 2025, Trump confirmed, “The tariffs are moving forward as planned, on schedule.”
On February 13, 2025, President Donald J. Trump initiated a comprehensive trade investigation to assess and counteract non-reciprocal trade practices, aiming to establish fair and balanced tariffs on foreign imports.
The sudden shift in trade policy has left businesses scrambling to adapt. “Calling it disruptive is an understatement,” said Mackenzie West, GHY's Director of Market Development, who was featured in this Financial Post article as companies rushed to reevaluate inventory, pricing, and supply chains. Behind the scenes, warehouses and logistics providers struggled to comply with the de minimis cancellation, delaying shipments and clogging fulfillment centers.
The U.S. has reinstated and expanded tariffs on steel and aluminum imports, imposing a 25% duty on all shipments effective March 12, 2025. This move removes previous exemptions for key trading partners like Canada, Mexico, and the EU, prompting industry-wide concerns over rising costs, supply chain disruptions, and potential trade retaliation.
The U.S. has postponed the removal of duty-free treatment for low-value shipments from China, allowing more time to implement effective tariff collection. The delay aims to prevent supply chain disruptions while addressing enforcement challenges tied to synthetic opioid trafficking.
CBP has implemented new restrictions under President Trump’s Executive Order, curtailing de minimis-qualifying shipments from China and Hong Kong. Importers must now file formal or informal entries and pay all applicable duties, taxes, and fees, with CBP rejecting ineligible shipments.
China has responded to the latest U.S. tariff hikes with countermeasures, including additional tariffs on key American imports, expanded export controls on critical minerals, and new regulatory actions targeting U.S. businesses. These measures, set to take effect in early February, could significantly impact global supply chains and trade operations.
The U.S. has ignited a trade dispute by imposing steep tariffs on imports from Canada, Mexico, and China, citing national security concerns. In response, Canada and Mexico are swiftly enacting retaliatory measures, setting the stage for a potential trade war that could disrupt supply chains, inflate consumer prices, and impact businesses across North America. With key industries like automotive, energy, and agriculture facing economic fallout, businesses must adapt quickly to mitigate supply chain disruptions and rising costs.
As U.S.-Canada trade tensions escalate, President Trump’s sweeping tariffs under the IEEPA have triggered immediate Canadian retaliation, including counter-tariffs on billions in U.S. goods. To soften the impact on domestic businesses, Canada has introduced a remission process for select companies to apply for temporary tariff relief. Get all the latest key details that you need to know.
Howard Lutnick, Trump’s nominee for Commerce Secretary, signaled a crucial turning point in U.S.-Mexico-Canada trade by outlining a two-phase tariff plan that ties economic penalties to border security, immigration, and drug enforcement, with initial trade tariffs expected within days and broader tariffs in the spring.
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