After weeks of uncertainty, the new tariffs have finally
arrived, leaving many North American businesses to deal with
significant challenges. Effective Tuesday, March 4, 2025, Canadian
imports into the United States will be subject to an additional 25%
tariff, except for Canadian energy products, which will be subject
to a 10% tariff. Energy products include "critical
minerals," such as aluminum, uranium and other minerals listed by the U.S. Department of Energy.
The Canadian government is imposing retaliatory tariffs on
certain U.S. goods in two phases, with Phase 1 commencing Tuesday,
March 4, 2025 (excluding goods in transit to Canada on March 4,
2025). Phase 1 Canadian tariffs target select U.S.-originating
products, including orange juice, peanut butter, wine, spirits,
beer, coffee, appliances, apparel, footwear, motorcycles,
cosmetics, and pulp and paper. The complete list, which remains
unchanged from February 2025, is available here.
