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
Canada rolls back retaliatory tariffs on CUSMA-compliant goods, matching current U.S. approach
Canada’s removal of retaliatory tariffs and a U.S. Federal Appeals Court decision holding that President Trump’s IEEPA tariffs are an overreach of emergency powers are discussed in this latest tariff and trade update.
Sep 2, 2025
Brief
President Trump’s tariffs: Monetizing assets in restructuring scenarios
For companies facing distress from the impact of tariffs, asset sales may be one element of a strategy to assist with long term stability.
Jul 10, 2025
Podcast
Q&A with Canada’s former chief trade negotiator Steve Verheul
In this wide-ranging discussion, Verheul outlines key considerations for Canada as changing trade relations bring challenge and opportunity.
May 15, 2025
Brief
Digital infrastructure and data sovereignty as national priority projects
A new focus is emerging from governments and industry on ensuring Canada keeps pace with digital infrastructure—with investment opportunities across a variety of asset classes.
Apr 17, 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
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
- May 30, 2025Future of tariffs uncertain as U.S. court considers appeal
- May 1, 2025U.S. domestic legal challenges to tariffs: state of play
- April 29, 20252025 federal election in review
- April 11, 2025Ontario restricts U.S. access to government procurement
- April 2, 2025President Trump’s April 2 reciprocal tariffs exempt Canada
- March 28, 2025President Trump’s tariffs: The value of releases in restructuring scenarios
- March 18, 2025Tariff round-up: Where we are and where we may be headed
- March 17, 2025Breaking down the barriers to interprovincial provision of financial services
- March 10, 2025Canada’s regulatory regime does not disadvantage U.S. banks
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.