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Trade War

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What you need to know about the growing trade war

An escalating multi-front trade dispute between the U.S. and many of its biggest trading partners is moving the country closer to a global trade war.

The problems began in March when the U.S launched its first round of tariffs. Subsequent rounds, hitting products made in Canada, Mexico, the EU and China, have been met by equal penalties on U.S. products. Yet the U.S. shows no sign of backing down and is now threatening to impose a new round of tariffs on China.

Learn how we got to this point by reading our Trade War email alerts, presented below in chronological order.

  View Trade War Q&A       View Tariffs By Country or Region 

U.S. Extends China Tariff Exclusions – December 20, 2022
U.S. Renews Some China Tariff Exclusions – March 24, 2022
U.S. to drop Canadian aluminum tariffs before Canada retaliates – September 16, 2020
U.S. CBP requires goods produced in Hong Kong marked as origin China – August 12, 2020
Canada retaliates against U.S. with $3.6B in tariffs – August 7, 2020
U.S. imposes 10% aluminum tariff – Canada to retaliate – August 7, 2020
U.S. reaches Phase One deal with China – December 13, 2019
U.S. China Tariff update – December 9, 2019
U.S. to impose $7.5 billion tariffs on EU goods – October 4, 2019
U.S. delays China tariff increase – September 12, 2019
U.S. increases China tariffs – August 26, 2019
U.S. delays some China tariffs until December – August 14, 2019
U.S. to impose 10% tariffs on $300 billion of China imports – August 2, 2019
USA-China trade war cease-fire – July 3, 2019
Public Hearings on Proposed Additional EU Tariff List – July 2, 2019
Public Hearings on Proposed China Tariff List – June 18, 2019
Mexico tariffs indefinitely suspended after deal reached – June 10, 2019
Trump threatens tariffs on Mexico – May 31, 2019
Canada and U.S. Reach Deal to Lift Metal Tariffs – May 17, 2019
U.S. $300 billion trade action against China – May 14, 2019
Trump hits China with tariff increases – May 10, 2019
U.S./China trade war heats up – May 6, 2019
U.S. proposes countermeasure tariffs on EU goods – April 10, 2019
Ottawa considers increasing retaliatory tariffs against U.S. – April 1, 2019
U.S delays scheduled increase in China tariffs – February 25, 2019
Tariff increases just weeks away for the U.S. and China – February 12, 2019
Steel and aluminum tariffs opposed on both sides of the border – February 8, 2019
Relief for Canadian businesses hurt by tariff fight between Canada and the U.S. – December 21, 2018
No increase in U.S. tariffs on China exports – December 3, 2018
U.S. finalizes tariffs on $200 billion of China imports – September 18, 2018
2018, U.S. implements $16b tariffs on China – August 23, 2018
Surge of cheap steel imports prompts Canadian government to consider new tariffs – August 20, 2018
Trade war between the U.S. and Turkey heats up – August 15, 2018
U.S. announces additional tariffs on China – August 10, 2018
U.S. announces second round of tariffs on Chinese goods – July 12, 2018
Surtaxes Imposed on Certain Products Originating in the United States – June 29, 2018
Tariffs and counter tariffs impact global trade – June 26, 2018
U.S. Steel and Aluminum Tariff Exemptions expire tonight – May 31, 2018
White House delays decision on U.S tariffs – May 1, 2018
Canada waits for news on U.S. steel tariffs with deadline tomorrow – April 30, 2018
U.S. announces list of China tariffs – April 6, 2018
Trump to hit China with up to $60 billion in annual tariffs – March 22, 2018
U.S. imposes steel & aluminum tariffs – March 9, 2018
High tariffs on U.S. imports of steel and aluminum just days away? – March 5, 2018
44 Alerts

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Tip #14 – Don't just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured's profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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