Many Canadian importers and exporters are facing new tariffs
Many Canadian importers and exporters are facing new tariffs that went into effect as early as June 1, 2018. The United States recently announced the imposition of a 25 percent tariff on steel and a 10 percent tariff on aluminum imports that apply to a wide range of products imported into the United States.
Temporary exemptions for Canada, Mexico, and the EU have lapsed. In response to the new tariffs, Canada has announced its own countermeasures to impose surtaxes on imports of steel, aluminum and other various products. The European Union and Mexico have also announced countermeasure tariffs for certain products imported into their jurisdictions.
To read the full article, download the PDF below:
© 2021 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.