Skip to main content

Bipartisan group of US senators proposes legislation to exempt small businesses from tariffs on Canadian goods

A group of Republican and Democrat senators in the United States (US) has proposed legislation that would exempt US small businesses from tariffs on Canadian goods. 

The “Creating Access to Necessary American-Canadian Duty Adjustments Act” (CANADA Act) would exempt Canadian goods imported by, or for the use of, US small businesses from duties imposed by President Trump as the result of a national emergency declared on February 1, 2025, under the International Emergency Economic Powers Act (IEEPA). 

The legislation proposes to make inapplicable the 25% blanket duty on Canadian goods imported to the US and the 10% tariff on Canadian energy imports resulting from the national emergency declaration, as well as potential future tariffs such as the 35% blanket tariff President Trump has threatened to impose on Canadian goods as of August 1, 2025.

The preceding summary is based on this article (and other sources): https://www.cnbc.com/2025/07/23/trump-canada-tariffs-small-business-bill.html

Topic(s)

Hot topics
U.S. Tariffs and Canadian Retaliatory Surtax
International Trade and Border Management

Information source

International News Channel
Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.