Tariffs and trade: Canada-U.S. brief
Tariffs and trade
Torys’ Canadian and New York offices will be providing regular briefs on the legal ramifications of the tariffs and other cross-border policy developments on the horizon.
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Developing topics
Brief
President Trump’s April 2 reciprocal tariffs exempt Canada
President Trump's latest executive order calls for a suite of global tariffs, broadening his tariff strategy, from all countries ranging from 10% to 49%.
Apr 2, 2025
Quarterly
The right moment for big ambitions: Accelerating national priority projects
Now is the time for Canada to seize the moment and drive national priority projects. Our multidisciplinary team provides their analysis of the next steps that Canadian industry, government and business can take.
Mar 24, 2025
Brief
Tariff round-up: Where we are and where we may be headed
With the April 2 date of potential further tariff actions from the U.S. looming, we provide a timeline of the trade developments that have recently occurred, what supports businesses can source, and what may be next.
Mar 18, 2025
Brief
Canada’s regulatory regime does not disadvantage U.S. banks
Our FI team looks at the current misunderstandings regarding the ability of U.S. banks to operate in Canada—and why they do not have a competitive disadvantage from a regulatory point of view.
Mar 10, 2025
Brief
Trump tariffs and foreign policy: a crossroads for critical minerals supply chains
The mining and metals industry faces significant impact in light of new U.S. tariff and trade policy. We assess various paths forward to strengthen supply chains.
Feb 28, 2025
Brief
Use the force (majeure)? Considering the application of force majeure clauses to tariffs
Will force majeure provisions in contracts be sufficient for businesses to not perform contract obligations that are impacted by tariffs? Our cross-border team examines recent case law.
Feb 26, 2025
Recent
- March 28, 2025President Trump’s tariffs: The value of releases in restructuring scenarios
- March 17, 2025Breaking down the barriers to interprovincial provision of financial services
- March 5, 2025Trump challenges foreign regulation and taxation of the digital economy
- March 5, 2025Canada adds economic security assessments to foreign investment review policy
- March 4, 2025U.S. imposes tariffs on Canada; Canada retaliates
- February 27, 2025Trump’s “America First Investment Policy”
- February 21, 2025President Trump’s immigration orders and what they mean for employers
- February 20, 2025President Trump’s tariffs: Staying competitive by shedding unwanted contracts
- February 12, 2025Canada considers pipeline projects in response to Trump’s tariffs
Key insights
Brief
Canada takes on internal trade barriers
Canada is ramping up efforts to ease barriers to interprovincial trade to spur economic growth in the face of proposed tariffs.
Feb 6, 2025
Brief
“Team Canada”: Takeaways from Canada-U.S. Economic Summit
Stakeholders across the country came together to address the threat of tariffs and how to cultivate Canada’s economy in the long term. Read our analysis.
Feb 7, 2025
Insight
Trump tariffs: tools for Canadian companies to weather distress
While it remains to be seen how President-elect Trump’s statement that he will impose a 25% tariff on all goods coming into the U.S. from Canada will be realized, Canadian businesses should start preparing now.
Nov 26, 2024
Previously distributed
In January shortly after inauguration, President Trump issued his far-reaching “America First Trade Policy” mandating a comprehensive review of U.S. trade relationships, with specific focus on Canada, Mexico, and China. Below is further commentary covering a wide range of issues resulting from this and other executive orders and policy announcements.