Canada now faces tariffs on Canadian-origin goods issued by two major trading partners: the United States and China. On March 8, China’s Ministry of Commerce (MOFCOM) announced retaliatory tariffs on Canadian agricultural and seafood products in response to Canada’s Fall 2024 implementation of a 100% surtax on Chinese origin EVs and 25% surtax on Chinese
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Upcoming Event: Views from the Hill: Congressional Trade Agenda 2025
Join Baker McKenzie, the Customs and International Trade Bar Association (CITBA), Association of Women in International Trade (WIIT), and GATT DC (LGBTQ+ Professionals in International Trade) for a fireside chat on the Congressional Trade Agenda.
This event will take place on Tuesday, April 22 at 5:30 PM EDT at Baker McKenzie Washington, DC office, 815 Connecticut Ave., NW…
US announces suspension of tariffs on certain goods from Canada and Mexico
In the latest of a series of recent tariff developments, the White House has announced a temporary indefinite suspension of tariffs on certain goods from Canada and Mexico which comply with the United States-Mexico-Canada Agreement (USMCA) origin requirement, effective from 7 March 2025. The tariffs, initially imposed on 4 March 2025, included a 25% duty…
EU imposes new retaliatory tariffs on US products
There is never a dull moment in the ongoing trade war. With effect of 12 March 2025, the US reinstated the June 2018 Section 232 tariffs on steel and aluminum products at a rate of 25% and extended these tariffs to a larger scope of steel and aluminum products (see our prior blog post on…
The impact of tariffs on the life sciences industry
Import tariffs have become the priority trade issue since President Donald Trump took office on January 20, 2025, with a wide variety of measures announced and imposed. These tariffs have the potential to disrupt all industries; however, they pose unique challenges for the life sciences industry, in particular the pharmaceutical and medtech industry, whose products…
The South Korean government has launched anti-dumping investigations into hot-rolled steel plates imported from Japan and China
On March 4, 2025, the Korea Trade Commission (KTC) announced the launch of the anti-dumping (AD) investigation into hot-rolled steel plates imported from Japan and China. This investigation was launched in response to the anti-dumping complaint filed by Hyundai Steel, a major South Korean steel manufacturer, with the KTC in December 2024, claiming that it…
Canada: How a Tariff War Sparked a ‘Buy Canadian’ Revolution
In brief
With the official declaration of the Canada- U.S. tariff war, Canadian consumer behavior has undergone a significant shift, sparking a renewed sense of patriotism and a robust “buy Canadian” movement. As tariffs are expected to drive up the cost of imported goods, Canadians are increasingly turning to domestically-produced products. To meet this growing…
Canada: Guarding the North – Updated Guidelines on the National Security Review of Investments Amid U.S.-Canada Trade War
In Brief
Following weeks of tariff threats from the U.S. and the imposition of retaliatory Canadian tit-for-tat tariffs and non-tariff measures, the U.S. and Canada are currently in the midst of a trade war that is expected to have significant economic repercussions. On 5 March 2025, the Government of Canada announced that it would take…
Suspended US Tariffs on Canada and Mexico take effect, alongside additional measures against China
President Donald Trump confirmed on March 3, 2025, that the long-anticipated tariffs called for on Canada and Mexico would take effect, alongside additional tariffs against Chinese imports. The 25% tariffs against Canada and Mexico came into force on March 4, 2025, after a 30-day suspension of the measures, which had been paused pending negotiations between…
China: retaliatory measures against Trump Tariffs announced on March 4, 2025
Following the previous round of 10% tariffs imposed by the US on all goods originating from China, effective February 4, 2025, the US has imposed additional 10% tariffs on all Chinese goods under the International Emergency Economic Powers Act (“IEEPA”) on March 3, 2025.
In response, China announced a new series of retaliatory measures against…