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Canada Trade – New Tariff Announcement And USMCA Non-Renewable Stakes For North American Supply Chains
The Trump Administration has imposed sweeping 50% tariffs on certain Canadian goods under Section 338 of the Tariff Act of 1930, targeting motor vehicles, alcohol, and dairy sectors. This action follows the United States' decision not to renew the USMCA free trade agreement in its current form, creating significant uncertainty for businesses relying on North American supply chains. Companies must now navigate complex compliance requirements while preparing contingency plans for potential further disruptions
Benesch Friedlander Coplan & Aronoff LLP