- Canada’s 25% Surtax on US Automobiles: Effective April 9, 2025, Canada imposed a 25% surtax on US-origin vehicles as a countermeasure to US tariffs, affecting trade strategies for businesses importing from the US.
- CBSA Investigations: The Canada Border Services Agency is investigating US-origin renewable diesel for potential dumping and subsidies, with preliminary determinations expected by June 4, 2025, possibly leading to provisional duties.
- Trade Compliance and Strategy: Businesses should monitor these developments, including ongoing tariff changes and investigations, to adjust trade strategies and ensure compliance with new tax and import regulations.
Source EY
