The unknown and uncertainty of trade tariffs is worse than the tariffs themselves says Todd Hirsch of Todd Hirsch Consulting, which is why the past two weeks has been so difficult to navigate. In this discussion from Crops Convention at Edmonton, Alta., Hirsch and Shaun Haney discuss several economic factors at play, including: The role… Read More
Category: USMCA
United States’ President Trump has walked back tariffs on a chunk of Canadian and Mexican exports, citing concerns voiced by the auto sector as the reason for pausing the 25 per cent across-the-board tariffs on imports from the two countries. News that Mexico would receive about a one-month exemption on tariffs was announced via Trump’s… Read More
Editor’s Note: On Thursday, March 6th, Trump paused tariffs on some Canadian goods, but only those that qualify under the U.S.-Mexico-Canada Agreement (USMCA/CUSMA). Steel and aluminum tariffs are still set for next week, and reciprocal tariffs are on for April 2, 2025. While many American farm groups remain publicly silent, some U.S. agriculture organizations are… Read More
Update, as of March 6: Implementation of this second tranche of Canadian counter-tariffs has been delayed until April 2 or later. The Canadian government has published a proposed list of U.S. imports worth C$125 billion it intends to hit with 25 per cent tariffs after a 21 day comment period. Retaliatory levies on an initial… Read More
The threatened tariffs on “day one” of U.S. President Donald Trump’s second term are now in effect, as of March 4, 2025. The 25 per cent tax on all imports (10 per cent on energy) into the U.S. took effect at 12:01 am. Prime Minister Justin Trudeau issued a statement ahead of the midnight deadline, outlining… Read More
The Trump administration has forged ahead with implementing 25 per cent tariffs Canadian exports as of March 4, sending markets lower and triggering a previously-announced response from the Canadian government. “Canada will not let this unjustified decision go unanswered,” said Prime Minister Justin Trudeau, in a statement late March 3. As announced prior to an… Read More
Update: Since publishing, President Trump has indicated tariffs on Canada have been delayed again, and may only take effect on April 2, 2025. The value of agricultural trade between Canada and U.S. received some time in the spotlight in Washington, DC this week, as Canada’s agriculture minister, his colleague from Saskatchewan, and farm group representatives… Read More
U.S. dairy producers are not satisfied with the Canada-United States-Mexico Agreement and they want to take another look at it, says National Milk Producers Federation president and CEO Gregg Doud. That was Doud’s message for RealAgriculture’s Shaun Haney at the Top Producer Summit in Kansas City mid-February when they discussed dairy trade between the two… Read More
The unpredictability of what’s going to happen on the tariff front has put Canadian businesses and government officials in a situation where it’s difficult to know what, if any, steps can be taken to alleviate the uncertainty around U.S. business in the immediate future. With so much up in the air, maintaining cross-border communication is… Read More
Even the most seasoned of policy analysts, trade negotiators, and industry leaders are feeling the pressure of the last six weeks. On-again, off-again tariffs threatened by the U.S. president are having direct and in-direct impacts on Canada’s economy, with companies pro-actively trying to manage risk by downsizing, cancelling expansion plans, or shuttering all together. But… Read More