With potential new U.S. tariffs looming as early as August 1, 2025, Canadian exporters are bracing for impact. While most goods remain protected under the USMCA, a little-known trade law – Section 232 – could still put specific sectors at risk. Learn what this means for cross-border trade, how your business might be affected, and what steps to take now to stay ahead.
Two recent articles provide crucial insights into the complexities of tariffs and global trade, offering guidance for Canada’s response. John Mauldin discusses the economic dangers of tariffs, highlighting how they can trigger inflation and recession. Jack Mintz advises Canada to engage strategically with the U.S., diversify trade relationships, and address internal trade barriers.
The recent one-month suspension of a 25-per-cent tariff by the United States on most Canadian imports has thrown many Alberta small- and medium-sized enterprises (SMEs) into a state of uncertainty. While the intent behind these tariffs seems to be to not only protect American jobs and industries by taxing goods consumed within the U.S., but also to motivate action on border issues such as illegal migration and the movement of the deadly drug fentanyl, the ripple effects are being felt keenly north of the border.
