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Jing Xu

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Q4 2024 Canadian Trade Update

By and 13 Mins Read

As the final weeks of calendar-year 2024 draw to a close, we have highlighted some of the top trade issues impacting entities doing business in Canada and Canadian companies operating abroad. Businesses should continue to stay focused on trade compliance. We expect the developments noted below will occupy the time and attention of c-suite executives and trade compliance teams, alike. Summer 2024 was busy with government initiated-consultations focused on economic resilience and national security. After…

Canada announces surtaxes on Chinese EVs, steel and aluminum with more products to come

By and 4 Mins Read

During a cabinet retreat focused on the economy, the Government of Canada announced the implementation of a 100% surtax on Chinese EVs, a 25% surtax on steel and aluminum products from China, limitations on EV tax incentives, and an additional consultation on proposed measures related to batteries, semiconductors, solar products and critical minerals. The Government cites the risk of trade diversion due to trade measures implemented by the EU (read our overview here) and USA (read our overview here) in its…

Canada Border Services Agency Announces July 2024 Audit Priorities

By , and 7 Mins Read

On July 4, 2024, the Canada Border Services Agency (CBSA) announced its compliance priorities for commercial imports and it updated its 2024 trade verification priorities. In the coming months, the CBSA will closely scrutinize the application of customs procedures and programs and the declared tariff classification, value, and origin of certain goods. An analysis of the July 2024 compliance and trade verification priorities is outlined below. Compliance Priorities Tariff rate quota and classification of supply…

Canada initiates consultation on trade measures in response to surplus supply of Chinese EVs

By , and 5 Mins Read

On July 2, 2024, the Government of Canada launched a 30-day consultation on proposed policy responses to surplus supply of Chinese electric vehicles (EV). This Consultation aims to canvas stakeholders on the Government’s policy responses to protect the growing Canadian EV industry from perceived unfair trade-practices in China and the risk of diversion of Chinese EVs to Canada following recent tariffs implemented by the United States (Section 301 tariffs) and the EU (provisional countervailing duties).…

Business Outlook for Late Filings under Canada’s Fighting Against Forced Labour and Child Labour Act

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The filing deadline for submitting reports under Canada’s novel Fighting Against Forced Labour and Child Labour Act (the “Act”) passed on May 31, 2024. For companies that missed the May 31 deadline, Public Safety Canada recently confirmed that it is accepting late filed reports. The Act requires all businesses that meet certain operating and financial thresholds to file an annual report to Public Safety Canada describing the steps it has taken during its previous financial…