CARM: What all importers need to know about CARM

Universal Logistics - Take The Right Route Logo with 70 Years Badge

Ottawa considers increasing retaliatory tariffs against U.S.

Higher Canadian tariffs on U.S. made products could be coming soon if the Trump administration refuses to end the additional tariffs on Canadian made steel (25%) and aluminum (10%), introduced last June.

Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland say the U.S. tariffs should be removed because they are both “illegal” and “unjust”. U.S. President Donald Trump says the tariffs are necessary to correct a trade imbalance between Canada and the U.S.. When Canada first retaliated, the government described the counter-measures as “dollar-for-dollar” when compared with the U.S. tariffs, but sources say the dollar value actually falls significantly short of that threshold.

Even bigger problems could be ahead if the impasse on tariffs causes law makers on both sides of the border to vote against approval of the NAFTA update, a necessary step to implement the new trade agreement.

For more information, please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 213.

More Trade Alerts:

February 2024

February 22, 2024
The following message was issued by the Canadian International Freight Forwarders Association (CIFFA) on Wednesday, February 21, 2024: Canada’s Two Major Railways Could See Strike…

January 2024

January 17, 2024
Ocean carriers have increased rates substantially across all lanes from Asia to North America upwards of $1,800.00 USD per container, with some lanes trending even…

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics