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Compliance Tip of the Day: The Role of Supply Chain and Compliance in Tariffs
Compliance Tip of the Day: Essential Economic Data for Navigating Tariffs
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Daily Compliance News: April 14, 2025, The Cascade of Corruption Edition
On July 31, 2025, President Trump issued two executive orders that further refine U.S. trade policy. The first executive order, “Further Modifying the Reciprocal Tariff Rates” (the RT Order), adjusts tariff rates for various...more
President Trump Announces Higher Tariff Rates Effective August 1st- After announcing an extension of the reciprocal tariff rates from July 9, 2025, to August 1,2025, President Trump published letters which were sent to...more
We continue to follow the U.S.-Canada trade dispute, in the context of the changing global trade situation, and will continue to update the following as required. This post updates the situation to include (i) the Government...more
On April 2, 2025, the Trump administration imposed one of the largest set of tariffs in U.S. history, dubbed “Liberation Day.” These so-called reciprocal tariffs are another step in the administration’s broad imposition of...more
The global trade landscape is experiencing rapid shifts driven by escalating tariffs, geopolitical realignments, and supply chain disruptions. In North America, businesses must navigate changing US trade policies, evolving...more
We continue to follow the U.S.-Canada trade dispute and will update this post as required. The most recent series of events began with the White House’s March 2, 2025 announcement that, effective 12:01 a.m. EST on...more
President Trump has announced that his administration will be increasing tariffs on Canadian steel and aluminum from 25% to 50%. The announcement comes on the heels of Ontario Premier Doug Ford’s imposition of a new tax on...more
Between March 4, 2025, and March 6, 2025, U.S. trade policy in North America changed course multiple times as the Trump administration initially implemented previously paused tariffs on imports from Canada and Mexico, and two...more
The 2025 steel and aluminum tariffs are already reshaping cost structures in the construction sector, adding financial pressures to an industry that had hoped for more stability this year. On March 4, 2025, the U.S. imposed a...more
Effective as of 12:01 a.m. EST, Tuesday, March 4, 2025, the United States imposes 25 per cent tariffs on almost all goods imported from Canada. A lower tariff of 10 per cent is imposed on Canadian energy and resource products...more
On February 1, President Trump issued two Executive Orders (EOs) announcing the imposition of a 25% tariff on products of Canada (10% on energy products) and Mexico, effective February 4. On February 3, the President...more
Today’s implementation of the tariffs on imports from Canada and Mexico is one more piece in the Trump Administration’s aggressively expanding trade policy. Over the last 43 days, what started out as a sprinkling of campaign...more
The scope of new import tariffs and regulations portends significant operational risks and disruptions. It is easy to imagine numerous companies that depend on imports for production purposes are facing a new set of...more
President Trump has issued three executive orders imposing new tariffs on imports from Canada, Mexico, and China effective February 4th. Canada has responded with retaliatory tariffs on imports from the U.S. On February 3rd,...more
Earlier today, President Trump announced that he agreed to delay imposing the additional 25% tariff on Mexican products for 30 days after Mexican President Claudia Sheinbaum promised to send soldiers to the US-Mexican border...more
On Feb. 1, President Donald Trump signed orders implementing tariffs on Canada, Mexico and China, as promised. The tariffs are set to go into effect Feb. 4, meaning payments will start becoming due for imports as of 12:01...more
As President-elect Trump continues to shape his economic plan with significant tariff policies, it’s crucial for businesses to stay informed about the potential risks and opportunities his announcements may bring....more
The Canadian economy is confronting high global uncertainty and risk. A new U.S. administration will reshape economic policy and international relations in a period already characterized by a fragmentation of global trade and...more
On August 17, 2024, the Government of Canada initiated a public consultation on the operation of the Canada–United States–Mexico Agreement (CUSMA or the Agreement). The Government is seeking views on what is working well with...more
The COVID-19 pandemic has triggered the most severe economic shock since the Great Depression. Despite massive intervention by central banks and governments, real output in the advanced economies likely fell in mere weeks by...more
This is a special edition of the twice-yearly Bennett Jones Economic Outlook. In it, as always, we review the global economic and trade context and the short-term outlook for global and Canadian growth. In addition, we...more
After a strong performance in 2017 and the first half of 2018, the global economy slowed markedly and is projected to grow at a more moderate but also more sustainable annual rate of 3.3% from 2019 to 2021. In Section I, we...more
The North American Free Trade Agreement – NAFTA for short – just took one step closer to no longer existing. As originally reported by the NY Times, the United States and Mexico announced that they had reached agreement on...more
On August 14, 2018, the Canadian government undertook public consultations to examine whether imports of seven steel products warrant safeguard action.1 The products under review are: steel plate, concrete reinforcing bar,...more
Since July 1, 2018, Canada has imposed 25% and 10% ad valorem surtaxes on the importation of a wide variety of U.S. "originating" goods. Canadian and non-resident importers have been wondering what they can do to avoid the...more