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ARTICLE · 24 JANUARY 2025

Welcome To 2025: Are You Ready For Tariffs?

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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Incoming United States President Donald Trump has announced his intent to impose a 25% tariff on imports from Canada when he takes office on January 20, 2025.

CanadaInternational Law

Incoming United States President Donald Trump has announced his intent to impose a 25% tariff on imports from Canada when he takes office on January 20, 2025. Canada plans countermeasures on C$150-billion of U.S. imports — 10 times the amount targeted in 2018 to 2019.

Canada also imposed tariffs on Chinese electric vehicles (EVs), steel and aluminum in 2024, with new tariffs in critical manufacturing sectors expected in 2025.

Are you ready for tariffs? This bulletin highlights recent developments and key lessons for navigating the evolving landscape.

What Are Tariffs?

A tariff is a form of tax or customs duty imposed on the import of goods or services. Tariffs raise the price of imported goods and services, privileging domestic products.

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