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Canada: How a Tariff War Sparked a ‘Buy Canadian’ Revolution

By , , and 7 Mins Read

In brief With the official declaration of the Canada- U.S. tariff war, Canadian consumer behavior has undergone a significant shift, sparking a renewed sense of patriotism and a robust “buy Canadian” movement. As tariffs are expected to drive up the cost of imported goods, Canadians are increasingly turning to domestically-produced products. To meet this growing demand, many companies are emphasizing the Canadian origin of their products through labeling and product claims. However, businesses must navigate…

Canada: Guarding the North – Updated Guidelines on the National Security Review of Investments Amid U.S.-Canada Trade War

By , , , and 4 Mins Read

In Brief Following weeks of tariff threats from the U.S. and the imposition of retaliatory Canadian tit-for-tat tariffs and non-tariff measures, the U.S. and Canada are currently in the midst of a trade war that is expected to have significant economic repercussions. On 5 March 2025, the Government of Canada announced that it would take action under the Investment Canada Act (“ICA”) to protect Canadian companies from foreign investors looking to capitalize on the current…

China: retaliatory measures against Trump Tariffs announced on March 4, 2025

By and 4 Mins Read

Following the previous round of 10% tariffs imposed by the US on all goods originating from China, effective February 4, 2025, the US has imposed additional 10% tariffs on all Chinese goods under the International Emergency Economic Powers Act (“IEEPA”) on March 3, 2025. In response, China announced a new series of retaliatory measures against the US the next day. Below is a summary of these measures: 10-15% retaliatory tariffs on US agricultural products Effective…

Trump Tariffs – Canada – Retaliatory Measures Implemented March 4, 2025

By , and 16 Mins Read

President Trump signed an executive order on February 1, 2025 (“Executive Order”), imposing long‑anticipated tariffs on Canada, Mexico, and China under the International Emergency Economic Powers Act (“US Tariffs”). Canada retaliated swiftly by implementing retaliatory tariffs; however, both sets of tariffs were paused for 30-days while the US and Canada negotiated whether the tariffs would come into force. Despite Canada undertaking extensive measures to secure its border, the US implemented the US Tariffs at 12:01 AM EST on March…

Trump Tariffs: Customs Valuation and TP Impacts and Mitigation Strategies

By , , , , , , , , , , , , and 3 Mins Read

Implications of and potential mitigation strategies for U.S. and Global Tariff Changes from tax and transfer pricing perspectives Overview of Tax/Transfer Pricing Challenges The recently proposed increases in US tariffs on imports from Canada, Mexico (albeit currently paused) China and the EU, among others, introduced by the Trump administration, and the anticipated response from those jurisdictions impacted by the proposed US tariffs will have several transfer pricing implications which multinational enterprises (MNEs) should consider. These…

President Trump Directs USTR to Investigate and Issue Recommendations (Including Potential Tariffs) in Response to Digital Services Taxes and Other Measures by US Trading Partners

By , and 3 Mins Read

President Trump issued a memorandum on February 21, 2025, directing the US Trade Representative (“USTR”) to make specific determinations regarding actions the administration may take in response to digital services taxes (“DSTs”) imposed by certain trading partners since 2019, as well as issue other recommendations to respond to trade and regulatory measures of other countries. The memorandum states that the Trump Administration’s policy shall be to impose tariffs and take other actions in response to…

Trump Announces Reciprocal Tariff Plan 

By , and 1 Min Read

President Trump issued a memorandum directing the US Trade Representative (“USTR”) and Secretary of Commerce to investigate alleged harm from non-reciprocal trade measures by trade partners and to issue recommendations based on their investigation.  The memorandum argues that a range of tariff and non-tariff measures maintained by various countries have contributed to unfair and unbalanced trade and harmed the United States.  Non-tariff measures specifically identified in the memorandum as being unfair and harmful to the United States include: The memorandum directs…

President Trump Temporarily (and Indefinitely) Permits Imports of Chinese Goods Duty-Free Under De Minimis Exemption

By , and 2 Mins Read

President Trump signed an executive order on February 7, 2025, temporarily suspending the prohibition against products from China being imported duty- and tax-free under the de minimis exemption for low-value imports. The executive order amends the February 1, 2025, executive order imposing 10% tariffs on all imports of Chinese-origin goods that became effective on February 4, 2025. This latest executive order follows significant confusion as the February 1, 2025, executive order went into effect, with…

US-Tariffs on China Go into Effect; China Responds

By , , , and 2 Mins Read

US tariffs on imports of Chinese-origin products went into effect at 12.01am ET on February 4, 2025, with 10% duties being imposed on all imports of Chinese-origin goods. The executive order implementing the tariffs directs that in addition to imposing 10% tariffs on all goods of Chinese origin, low-value shipments of Chinese-origin goods are no longer eligible for duty-free entry under Section 321 of the Tariff Act of 1930 (19 USC 1321), significantly impacting e-commerce…

President Trump Announces Long-Anticipated Tariffs on Canada, Mexico, and China

By , , , , , and 3 Mins Read

At the time of the publication of this blogpost on February 1, 2025, Mexico, Canada, and China have not yet responded to the imposition of tariffs. Stay tuned for updates and insights and practical tips for trade between the United States and these three countries as the situation develops. President Trump signed executive orders today, February 1, 2025, imposing the long-anticipated tariffs he has called for on Canada, Mexico, and China since early in his…