Listen to this post

Canada

In response to President Trump imposing 25% tariffs on imports from Canada as previously reported here, the Canadian Government announced retaliatory tariffs against imports from the United States. Canada announced 25% tariffs on $30 billion worth of U.S. products effective Tuesday, March 4. The list of tariff codes subject to the additional tariff effective March 4 are included in the announcement posted here. A Notice by the Canada Border Services Agency (CBSA) was also released and can be obtained here.

The Canadian Government has also issued a notice to of its intent to implement a second round of tariffs on another $125 billion dollars’ worth of U.S. products and is seeking public comment prior to implementation. The Government’s notice with the list of tariff codes can be found here. Any public comments are due by March 25.

China

China also announced retaliatory tariffs in response to President Trump increasing tariffs on imports from China from 10% to 20% under the International Emergency Economic Powers Act (IEEPA). An additional 15% tariff will be imposed on U.S. chicken, wheat, corn, and cotton and an additional 10% tariff will be imposed on U.S. sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products. The tariff codes covered by the 15% tariffs are listed here. The tariff codes covered by the 10% tariffs are listed here. These retaliatory measures are in addition to the retaliatory measures announced on February 4th, which we reported here.

Mexico

Mexico is also expected to retaliate against the United States, but the nature of that retaliation has not yet been announced. Reports indicate that Mexico will announce tariff and non-tariff measures next Sunday, March 9.