The European Commission announced countermeasures to address the impact on EU businesses and consumers in response to the US reinstating 25% tariffs on steel imports and increase of the existing 10% tariff on aluminum imports to 25%, while extending these tariffs to additional steel and aluminum products on March 12, 2025. These countermeasures will be
Following President Trump’s imposition of a 25% tariff on steel and aluminum products from various countries, including Canada, on March 12, the Canadian government announced its countermeasures. Effective today, March 13, these measures impose additional surtaxes targeting CAD $29.8 billion worth of goods originating from the United States.
The tariffs are designed to be reciprocal
As previously reported, on February 10, 2025, President Trump issued Proclamations 10895 and 10896, making significant changes to the existing measures imposed on imports of aluminum and steel on national security grounds pursuant to Section 232 of the Trade Expansion Act of 1962. Among other changes, the Proclamations added to the list of so-called “derivative”
UPDATE: After a 24-hour back and forth, President Donald Trump announced late on Tuesday evening that the U.S. would not impose an escalated 50% tariff on Canadian steel and aluminum Tuesday. This announcement was made after the Government of Ontario also backed down and called off its efforts to impose a surcharge on electricity exports
On Tuesday, the U.S. government began investigating China’s dominance in the shipbuilding industry. The House Armed Services Subcommittee on Seapower and Projection Forces is holding a hearing on U.S. shipbuilding, with a public hearing by the Office of the United States Trade Representative scheduled for March 24.
In addition to the service fee imposed on port
This blog post covers trade developments occurring during the seventh week of the new Trump Administration. It covers events occurring through 12:00 pm Eastern time on Friday, March 7.
Import-Related Developments
IEEPA Tariffs on Canada and Mexico Take Effect March 4 but Modified Two Days Later
The tariffs imposed by President Trump on Canada and
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
On March 3, 2025, the Department of Commerce (Commerce) released advanced Federal Register notices providing modifications to the Harmonized Tariff Schedule of the United States (HTSUS) in order to implement the steel and aluminum tariffs announced by the President on February 10, 2025. Our prior update on these tariffs and the products affected are
Customs Provides Guidance on New Tariff Subheadings Applicable to Canada and Mexico Tariffs, De Minimis Treatment Will Temporarily Remain Available
On March 3, 2025, U.S. Customs and Border Protection (Customs) issued two notices providing guidance on the implementation of the previously announced tariffs on imports from Canada and Mexico. The notices also provide the