Canada's Response to the 25% US Tariff on Most Canadian Goods

February 1, 2025

Late Saturday night, Canadian Prime Minister Trudeau announced a 25% tariff against $155 billion dollars worth of goods from the US, in response to the 25% US tariff against Canadian goods imported into the US, which is expected to go into effect on Tuesday February 4, 2025.

$30 billion worth of US goods imported into Canada will be affected as of Tuesday February 4, 2025.
$125 billion worth of US goods imported into Canada will be affected in 21 days, to give Canadian businesses time to find alternative options.

PM Trudeau urged Canadians to buy locally-made goods and confirmed that Parliament will continue to remain prorogued.

This topic continues to develop, additional details will be distributed by the CSCB as they become available.

https://www.cbc.ca/news/politics/trump-tariffs-canada-february-1-1.7447829

Topic(s)

Hot topics

Acts & Regulations - General

Trade Agreements

U.S. Tariffs and Canadian Retaliatory Surtax

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.

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