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
On March 1, 2025, President Trump issued an Executive Order directing the U.S. Department of Commerce (“Commerce”) to initiate a Section 232 investigation into imports of timber, lumber, and their derivative products. This is the same law that was used to impose additional tariffs on imports of steel, aluminum, and their derivative products.
The full
This blog post covers trade developments occurring during the sixth week of the new Trump Administration. It covers events occurring through 12:00 pm Eastern time on Friday, February 28.
Import-Related Developments
Potential Retaliation for Global Digital Services Taxes
After we published our Week Five in Trade post last week concerning additional sector-specific import tariffs
On Friday, February 21, 2025, President Trump issued a National Security Presidential Memorandum (“NSPM”) titled “America First Investment Policy” which directed multiple federal agencies to take action to further restrict foreign adversaries’ ability to invest in sensitive United States businesses and to further restrict United States outbound investments into China. The Trump Administration also issued a Fact Sheet to accompany the NSPM.