The Government of Canada is seeking public input on potential trade measures to protect the domestic steel industry from diverted imports triggered by recent U.S. trade actions. Have your say by submitting feedback before April 21, 2025, to help shape a fair and competitive market.
The CBSA has updated Customs Notice 25-05 to reflect amendments regarding compliance with the China Surtax Remission Order (2024).
Understanding Canada’s surtax regulations can be complex, especially regarding exemptions under Chapters 98 and 99 of Canada’s Customs Tariff. We provide clarity on these regulations, ensuring importers navigate the 25% surtax on U.S.-origin steel, aluminum, and select goods effective March 13, 2025, while reviewing tariff classifications and customs surety requirements to maintain compliance and avoid shipment delays.
Canada is imposing $30 billion in retaliatory tariffs on U.S. goods, starting March 13, 2025. Phase one includes a 25% tariff on $30 billion in imports, with a second $125 billion phase pending public comments until March 25. These tariffs override USMCA duty-free benefits, and importers must ensure sufficient customs surety bonds to avoid shipment delays. Full list of U.S. goods/imports affected are detailed.
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. 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 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 CBSA has announced temporary relief from late payment penalties and interest until March 31, 2025, with key dates set for penalties and collection measures to resume.
Canada Customs has issued a reminder regarding the transition measures which provided temporary relief from late accounting penalties will end on January 19, 2025.
Effective January 21, 2025, steel importers must report the Country of Melt and Pour (COM)—where raw steel is first melted and poured—through the Single Window Integrated Import Declaration (SW IID) as a mandatory condition for import compliance.
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