Trump 2.0: The First 100 Days | Canada

Timeline of the Trump 2.0 Trade Spat With Canada

Feb 10: Trump announces global 25%

Other Trade Actions

Mar 26: Global 25% tariff on steel and aluminum imports goes into effect.

tariff on steel and aluminum imports.

Mar 10: Global 25% tariff on steel and aluminum imports goes into effect.

Mar 1: Trump launches study on timber and lumber.

Feb 13: Trump announces upcoming reciprocal tariffs.

Apr 2: Reciprocal tariffs announced with April 8 implementation date. Canada exempted.

Feb 1

Feb 3

Feb 21

Mar 4

Mar 6

Mar 12

Apr 3

Apr 9

• Executive Order issued announcing tariffs on Canada, Mexico and China coming Feb 4. EO ends exemption from duties for de minimis packages. Tariffs on Canada are 25%, except for energy resources which are 10%. • Trump uses an tariffs with a 12% tariff rate fallback if the emergency expires. • USMCA compliant goods are NOT exempt from the 25% tariffs. emergency authority to impose these

• Canada announces two rounds of retaliatory tariffs. It plans to impose 25% tariffs on C$155B of U.S. goods with C$30B going into effect immediately (including on orange juice, wine/spirits/beer, coffee, appliances, motorcycles, etc.)

• Trudeau announces plan to secure northern border, and Trump responds with pause on tariffs until March 4.

• Trump ends pause on tariffs and the 25%/10% tariffs go into effect. • Canda’s retaliatory tariffs go into effect.

• Trump amends tariffs to make USMCA compliant goods exempt . • Tariffs on potash are lowered to 10% (from 25%).

• Canada plans round of retaliation on March 13, with 25% tariffs on list

• Canada announces 25% tariffs on non USMCA compliant vehicle imports from the U.S., 25% tariffs on non Canadian/non Mexican content of USMCA compliant vehicle imports from the U.S..

• Canada’s planned tariffs announced on April 3 go into effect.

of U.S. goods worth C$30B, including

C$12.6B of steel products, C$3B of aluminum and the rest comprised of tools, computers, servers, displays, sports equipment and

cast-iron products.

Source: Peterson Institute for International Economics

Cushman & Wakefield