While Canadian businesses may have a 30-day reprieve from the threatened Trump and Canadian retaliatory tariffs, businesses should take the opportunity now to put plans in place to minimize the fallout should tariffs be enacted. One avenue businesses can pursue to mitigate the impact of the tariffs is duty drawback.
While President Trump’s Executive Order removes the option for American businesses to claim duty drawback, Canada Border Services Agency (“CBSA”) has confirmed that duty drawback remains available for Canadian businesses engaged in the import and subsequent export of goods, even if retaliatory tariffs come into force.
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Canadian Retaliatory Tariffs
Duties Relief Program
Duty Drawback
Importers/Exporters
President Trump
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