November 26, 2024 - The US has announced its intention to impose new tariffs with a ceiling of up to 25% as early as January 20th, 2025.

Tariffs of this size and magnitude would have a significant impact on importers on both sides of the border, and their announcement has already caused a renewed focus on Canada/US trade relations.

In a joint letter to Ottawa, the Canadian premiers wrote asking for an urgent meeting to determine Canada’s response and tactics to this announcement, indicating the importance of “[acting] now to work together and seize this opportunity to grow and strengthen our historic partnership with the US.”

Watch this space for further updates as they develop, and we encourage you to read our blog post for information and strategies for managing tariffs in the international marketplace.

For specific queries, assistance, and options when facing potential or existing tariffs, you are also invited to get in touch with one of our Trade Advisors at your next convenience.