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Q4 2024 Canadian Trade Update

Import and Trade Remedies

This is an opportunity for Canadian businesses to express pain points under the existing agreement, which Canada could present during the 2026 review and possibly negotiate appropriate action. Additional reporting requirements will apply to importers and exporters and those financing import/export transactions under the PCMLTFA.

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2024 in Review: ISDS Reforms – Busy Business and Progress

Kluwer Arbitration

236 ), along with its budget and financing considerations. UNCITRAL Working Group III and the Advisory Centre on International Investment Dispute Resolution , analyzed key outstanding elements of the draft statute, including the Advisory Centres objective and scope of activities, governance structure, financing mechanisms, and legal status.

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How Canadian businesses can prepare for tit-for-tat tariffs in 2025

Import and Trade Remedies

announces tariffs on certain steel & aluminum products exported from Canada at rates of 25% and 10% under the authority of section 232 of the Trade Expansion Act. May 31, 2018 : Canada (Department of Finance) initiates a 2-week consultation period on proposed countermeasures. March 8, 2018: U.S. May 31, 2018 : U.S.

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U.S. Implements tariffs on Canadian origin goods and Canada retaliates swiftly with 25% tariffs on certain U.S. origin goods

Import and Trade Remedies

Canada’s countermeasures The Canada Tariffs were implemented, despite a months-long effort by the Government of Canada negotiating with the U.S. The Government of Canada is reported to be preparing aid packages for Canadian importers and exporters impacted by the U.S. exports in response to U.S. The surtaxes target U.S.

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Trump Tariffs – Canada – Retaliatory Measures Implemented March 4, 2025

Import and Trade Remedies

Canada retaliated swiftly by implementing retaliatory tariffs; however, both sets of tariffs were paused for 30-days while the US and Canada negotiated whether the tariffs would come into force. Despite Canada undertaking extensive measures to secure its border, the US implemented the US Tariffs at 12:01 AM EST on March 4, 2025.

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