- Executive Orders Signed: President Trump signed orders imposing 25% tariffs on Canada and Mexico, effective February 4, 2025, citing issues with illicit drugs.
- Details of Tariffs
- Canada: 25% tariffs on imports, 10% on energy resources; no duty-free de minimis or drawback available.
- Mexico: Similar 25% tariffs and conditions as Canada, including potential increases if retaliation occurs.
- Future Tariff Plans
- Additional tariffs on certain foreign rivals and potential tariffs on the EU, semiconductor chips, oil, gas, and steel expected soon.
Source
Latest Posts in "Canada"
- CBSA Increases Certain Fees by 25.3% and Applies GST/HST Effective April 2026
- Alberta to Introduce 6% Tax on Passenger Vehicle Rentals Starting January 2027
- Canada Border Services Agency adjusts certain fees for inflation and GST/HST
- Alaska and Montana Consider Statewide Sales Tax Amid Fiscal Pressures and Revenue Diversification Needs
- British Columbia Expands PST to Professional Services in 2026 Budget, Effective October 1
