• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Canada-Responds-to-U.S.-Tariff-Proposal

Canada Responds to U.S. Tariff Proposal

02/02/2025
Trump Extends Tariff Deadline for 14 Countries Until August

Trump Extends Tariff Deadline for 14 Countries Until August

07/08/2025
Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

Innovative Filtrex® Expands Global Presence with Sustainable Engineering and Clean Energy Solutions

07/07/2025
Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

07/07/2025
Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

07/03/2025
Rising Import Costs Put Pressure on U.S. Restaurants Amid Tariffs

Rising Import Costs Put Pressure on U.S. Restaurants Amid Tariffs

07/03/2025
Vietnam Trade Deal Secured as U.S. Prepares for Tariff Changes

Vietnam Trade Deal Secured as U.S. Prepares for Tariff Changes

07/03/2025
U.S. and Vietnam Reach Trade Agreement Including New 20% Tariff on Imports

U.S. and Vietnam Reach Trade Agreement Including New 20% Tariff on Imports

07/03/2025
Uncertainty Grows as July 9 Tariff Deadline Nears Amid Ongoing Trade Talks

Uncertainty Grows as July 9 Tariff Deadline Nears Amid Ongoing Trade Talks

07/03/2025
Two Star Safaris Ltd: Six Years of Growth, Impact, and Global Reach

Two Star Safaris Ltd: Six Years of Growth, Impact, and Global Reach

07/04/2025
Two Star Safaris Limited Nominated for 2025 Go Global Awards in London

Two Star Safaris Limited Nominated for 2025 Go Global Awards in London

07/02/2025
Vidushi Infotech Powers Global Growth with AI-Driven IT Solutions and 22 Years of Expertise

Vidushi Infotech SSP Pvt. Ltd. Nominated for Go Global Awards 2025 – Set to Join Global Tech Leaders in London

07/02/2025
Vidushi Infotech Powers Global Growth with AI-Driven IT Solutions and 22 Years of Expertise

Vidushi Infotech Powers Global Growth with AI-Driven IT Solutions and 22 Years of Expertise

07/04/2025
supplychainreport
Tuesday, July 8, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Canada Responds to U.S. Tariff Proposal

by Giezel Garcia
02/02/2025
in Tariffs & Duties

Canada has announced plans to respond to the latest U.S. tariffs on steel and aluminum imports, which were recently introduced by President Donald Trump. Prime Minister Justin Trudeau stated that Canada would take “firm and clear” action against the measures, which he described as “unjustified.”

The U.S. tariffs, set to take effect on March 12, will impose a 25% tax on imported steel and aluminum. Canada, which is the largest exporter of both metals to the U.S., is among the countries affected. The move is part of a broader tariff policy that the U.S. administration says is aimed at protecting domestic industries and jobs.

YOU MAY ALSO LIKE

Trump Extends Tariff Deadline for 14 Countries Until August

Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

Canadian officials argue that the country’s metal exports contribute to the competitiveness and security of North America’s supply chain. Industry Minister François-Philippe Champagne emphasized that Canadian steel and aluminum play a key role in the region’s manufacturing sector.

Provincial leaders have also voiced concerns about the tariffs’ potential economic impact. Quebec Premier François Legault highlighted the importance of aluminum exports to the U.S. and questioned whether the U.S. would seek alternative sources such as China. Opposition leader Pierre Poilievre indicated that if elected, he would introduce reciprocal measures against the U.S.

Catherine Cobden, president of the Canadian Steel Producers Association, noted that past tariffs have affected industries on both sides of the border. “We have steel that they need, and they have steel that we need,” she said, emphasizing the interdependence of the two economies.

Tariffs function as taxes on imported goods, with the costs typically absorbed by importers, potentially leading to higher prices for consumers. Economists have pointed out that such measures can lead to increased costs for businesses that rely on imports, although the U.S. administration argues that tariffs will encourage domestic production.

Since returning to office, President Trump has introduced several new trade measures, including a proposed 10% tariff on all imports from China and the possibility of further tariffs on goods from the European Union.

The U.S. and Canada have recently been engaged in trade negotiations, with both countries postponing earlier proposed tariffs following discussions on immigration and drug enforcement policies. The Canadian government is now evaluating its response to the latest measures, with officials stating that they are exploring all available options.

Breaking supply chain news is just a click away at The Supply Chain Report. Enhance your knowledge of international trade at ADAMftd.com with free tools.

#Canada #USTariffs #TradePolicy #GlobalTrade #SupplyChains #EconomicImpact #TariffDispute

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.