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ARTICLE · 20 MARCH 2025

Key Considerations To Effectively Navigate Tariffs In Cross-border M&A

The recently imposed tariffs from the United States on Canadian products, as well as the uncertainty regarding further tariffs, is likely to significantly affect the M&A market.

CanadaCorporate/Commercial Law

The recently imposed tariffs from the United States on Canadian products, as well as the uncertainty regarding further tariffs, is likely to significantly affect the M&A market. Parties in M&A transactions should carefully consider what strategies to implement to mitigate tariff-related risks and how tariffs may affect the negotiation of key transaction documents and deal terms.

Participants in M&A transactions face considerable uncertainty as the implementation of certain tariffs has come into effect and the potential impact and duration of announced tariffs remains unknown. Tariffs could have a chilling effect on cross-border M&A as parties wait for clarity on what tariffs the US government will maintain and what retaliatory measures Canada will take in response.

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