U.S tariffs: On March 4, the United States imposed 10 per cent tariffs on energy imports from Canada and 25 per cent tariffs on all other imports from Canada. In response, Canada imposed reciprocal tariffs of 25 per cent against $30 billion in imports of goods from the U.S., effective March 4, 2025. U.S. tariffs have been suspended on most items until April 2; Canada’s reciprocal tariffs remain in place.
On March 12, U.S. tariffs of 25 per cent on imports of Canadian steel and aluminum came into effect. In response, Canada imposed 25 per cent tariffs on $29.8 billion in products imported from the United States, effective March 13.
Chinese tariffs: China has recently announced that it will impose 100 per cent tariffs on Canadian canola and peas and 25 per cent tariffs on pork and seafood products starting March 20. These tariffs are in response to tariffs imposed by the Canadian government last fall on Chinese-made electric vehicles, steel and aluminium products. “The global tariff and trade situation continues to remain fluid. The announcement of tariffs on Canadian agricultural exports by China is another blow to farmers who are already grappling with the impacts of the ongoing trade war between the United States and Canada as result of U.S.-imposed tariffs.