At the start of the year, new tariff policies were introduced worldwide, affecting the dynamics of international trade. In turn, various adjustments to trade measures, encompassing both tariff and non-tariff approaches, are being considered in response to these global developments. To help navigate this evolving trade landscape, the microsite offers up-to-date insights on this year’s trade policies and tariff changes.
Forvis Mazars has an expert team capable of assessing the potential impact of these tariffs on imports to and from the US, as well as the retaliatory measures to be imposed by each involved country. If you need support to navigate these ongoing changes, please contact our experts below.
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 In response to the U.S. tariffs on Canadian exports, Canada has announced that it will impose 25% tariffs on $30 billion in goods imported from the U.S. A full list of the affected goods can be found on the Canadian government website. Click here for detailed information. Effective September 1, 2025, Canada removed these tariffs. |
 In response to the U.S. tariffs on steel and aluminum products, Canada has announced that it will impose 25% tariffs on a list of products totalling $29.8 billion, including:
A full list of the affected goods can be found on the Canadian government website. Click here for detailed information. Effective September 1, 2025, Canada removed the tariffs on $14.2 billion in additional imported U.S. goods. The tariffs on steel and aluminum products remain in place. |
In response to the U.S. tariffs on Canadian automobiles, Canada has announced that it will impose 25% tariffs on non-CUSMA (Canada-United States-Mexico Agreement) compliant vehicles imported into Canada from the U.S., and on non-Canadian and non-Mexican content of CUSMA compliant vehicles imported into Canada from the U.S. A full list of the affected goods can be found on the Canadian government website. Click here for detailed information. |
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The United States has imposed tariffs of 25% on goods imported from Canada, and 10% on energy products, effective March 4, 2025. These tariffs have since been amended to include potash. As of March 7, 2025, a tariff exemption applies to Canada-United States-Mexico Agreement (CUSMA)-compliant goods. On August 1, 2025, the 25% tariff was increased to 35%. |
The United States has imposed a global tariff of 25% on imports of steel and aluminum, including from Canada, effective March 12, 2025. On June 4, 2025, the tariff was increased to 50% and expanded to include additional derivative products. |
The United States has imposed a global tariff of 25% on automobiles and light trucks, including from Canada, effective April 3, 2025. For Canada and Mexico, the tariffs apply to the non-U.S. content of vehicles imported under the Canada-United States-Mexico Agreement (CUSMA), and to the full value of vehicles not imported under CUSMA. On May 3, 2025, the U.S. also imposed tariffs of 25% on non-CUSMA compliant auto parts. |
The United States has imposed global tariffs of 50% on imports of semi-finished copper products and derivative goods, including from Canada, effective August 1, 2025. |
FOR MORE INFORMATION
For more information on U.S. tariffs, visit the U.S. webpage of Forvis Mazars at
Canada and several provinces have announced a range of measures to support Canadian businesses impacted by U.S. tariffs. These initiatives include financial assistance programs, loans, and funding to help businesses maintain operations, diversify markets, and improve productivity.
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