Recapping The Last Ten Days In Trade And Tariffs

In the past 10 days, we've seen multiple Executive Orders issued from the Trump Administration related to international trade and tariffs. We've issued multiple Client Advisories related to these actions and offer this recap to our readers:

On Saturday, February 1, 2025 the White House released Executive Orders placing additional tariffs on all imports from Canada, Mexico, and China under the International Emergency Economic Powers Act (IEEPA). The tariffs were an additional 25% ad valorem rate of duty on imports from Canada and Mexico and 10% on imports from China. That full client advisory can be found here.

Also on February 1, 2025, the Department of Finance Canada announced that the Government of Canada was moving forward with 25% tariffs on $155 billion worth of goods in response to the tariffs imposed by the United States (U.S.) on Canadian goods. That client advisory can be found here.