TARIFF UPDATE 101
TRUMP TARIFFS, CANADA'S COUNTERMEASURES TAKE EFFECT
The trade dispute between the United States (“US”) and Canada has now entered a new phase, as the US imposed 25 percent tariffs on Canadian goods and 10 percent tariffs on Canadian energy products on March 4, 2025 . Canada responded in kind and implemented the first phase of its previously announced retaliatory countermeasures through the United States Surtax Order (2025-1) . The list of targetted US origin goods remains the same as the prior list , but for the addition of 14 new items under Chapters 98 and 99 of the Customs Tariff Schedule, although these new items appear to be absent from a news release published by the Department of Finance Canada.
Tagged in:
Duty Drawback
President Trump
Reciprocal Tariffs
Retaliatory Countermeasures
Trade Dispute
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