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ARTICLE · 23 JANUARY 2025

Duty Calls: Preparing For US And Canadian Tariffs

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The re-election of President Trump signals a renewed era of trade disruption and volatility in the form of US import tariffs on goods from Canada and other countries.

GlobalInternational Law

The re-election of President Trump signals a renewed era of trade disruption and volatility in the form of US import tariffs on goods from Canada and other countries. After weeks of speculation, President Trump is expected to unveil new tariffs or other trade restrictive measures on or shortly after his January 20, 2025, inauguration. Working with the provincial governments to develop a 'Canada First' collaborative response, the Government of Canada has vowed to impose retaliatory tariffs targeting US imports into Canada and is exploring other and novel ways to respond to the expected US measures. The announcement of the Canadian response is expected to follow soon after the announcement of the US measures.

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