Although a blanket tariff by the U.S. on all Canadian imports is unlikely to materialize in the first half of 2025, there is still cause for concern as selective U.S. tariffs are possible and would be disruptive to both countries’ economies. To illustrate this, look at energy and auto manufacturing — Canada’s industries with the highest exports to the U.S. … READ MORE >
auto tariffs
USMCA is a solid opportunity for the middle market
The pact, called the United States-Mexico-Canada Agreement, includes a chapter dedicated to small and medium enterprises – a first for a multilateral trade agreement – and also adopts a wide array of provisions from the abrogated Trans Pacific Partnership trade treaty. Both of these provisions are major wins. … READ MORE >
The impact of auto tariffs–The Real Economy explores
On Feb. 17, the U.S. Commerce Department began an investigation under section 232 of the Trade Expansion Act of 1962 into whether there are national security implications tied to $360 billion in auto imports, including vehicles and parts. If the result leads to a 25 percent tariff on those import, it would be equivalent to a $90 billion tax on U.S. producers and consumers. … READ MORE >