Canada adjusts retaliatory US tariffs, excludes seafood sector
Canada's Department of Finance removed seafood and fish products from its counter-tariff list on 26 August 2026, following industry feedback about potential economic damage. The exclusion targets selected items while maintaining broader retaliation
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Canada announces retaliatory tariffs, CAD 7.5 billion support package to mitigate impact from US
Following the US imposition of a 50% tariff on USD 27.6 billion of Canadian goods effective 22 August, Canada has announced retaliatory tariffs on around USD 20 billion worth of annual US imports on 25 August 2025 alongside support measures for
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US: Trump administration escalates tariff threat on Canadian automotive sector
President Donald Trump announced plans to impose 50% tariffs on all vehicles, trucks, and automotive parts originating from Canada, effective 1 January 2027, following the collapse of trade negotiations on 21 August 2026. Treasury Secretary Scott
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Canada suspends US trade negotiations, retaliates with matching tariffs
Prime Minister Mark Carney announced on 21 August 2026 that Canada's government has halted negotiations with the US following what it characterises as unfair last-minute changes to proposed trade terms. The decision came after the US announced plans
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US delays 50% additional tariffs on certain Canadian goods
The US has delayed the imposition of 50% additional tariffs on certain Canadian goods by three days as the two countries continue negotiations over longstanding trade disputes. The tariffs, originally scheduled to take effect on 19 August 2026,
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US set to impose 50% tariffs on Canadian goods
The US is set to impose 50% tariffs on nearly USD 20 billion of Canadian goods beginning 19 August 2026, according to an announcement made under Section 338 of the Tariff Act of 1930. The duties would affect approximately 5.2% of the USD 383
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Australia, Canada sign MOU on arbitration under BEPS MLI
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the application of Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and
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Canada imposes provisional safeguard tariff on imports of wood cabinets, vanities
Canada’s Minister of Finance and National Revenue announced a provisional safeguard measure, in the form of a 25% surtax, on imports of certain wood cabinets and vanities, on 31 July 2026, while the Canadian International Trade Tribunal safeguard
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Canada consults technical changes to Global Minimum Tax Act
The Department of Finance Canada has launched a consultation on draft amendments to the Global Minimum Tax Act that would update the definition of a "deduction/non-inclusion arrangement" under subsection 47(1). The Department of Finance Canada
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US: Trump says USMCA matters more to Canada and Mexico
President Donald Trump said on Tuesday, 28 July 2026, that he has no interest in revising the six-year-old US-Mexico-Canada Agreement (USMCA), stating that the trade deal matters far more to Mexico and Canada than to the US. The position comes as
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US: Trump threatens tariffs on Canada over cross-border wildfire smoke
US President Donald Trump renewed his threat to impose tariffs on Canada in response to wildfire smoke drifting across the border on 24 July 2026, telling reporters: "We're going to put a big tariff on Canada because of the smoke." The statement
See MoreCanada consults transfer pricing documentation amendments, various other tax measures
Canada's Department of Finance has released draft legislative proposals for public consultation on 23 July 2026 to implement a range of previously announced tax measures, along with other technical amendments to the country's tax
See MoreCanada threatens retaliation over Trump’s 50% tariffs
Canada’s Prime Minister Mark Carney told provincial premiers on 23 July 2026 that Canada would retaliate against new US tariffs if negotiations fail. The announcement came days after US President Donald Trump imposed 50% duties on Canadian
See MoreUS targets interim USMCA deals with Mexico, Canada by year-end as full overhaul slips to 2027
US Trade Representative (USTR) Jamieson Greer signalled this week that the Trump administration has abandoned hope of completing a full USMCA overhaul this year. Speaking before the Senate Finance Committee on 22 July 2026, Greer said he aimed to
See MoreUS: Trump Administration invokes century-old law to hit Canada with 50% tariffs
President Donald Trump announced 50% tariffs on approximately USD 20 billion of Canadian imports on 20 July 2026, marking the first use of Section 338 of the Tariff Act of 1930 in nearly a century. The action targets a wide array of
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Brazil, Canada sign agreement on mutual administrative assistance in customs matters
Brazil and Canada held the fifth Brazil-Canada Strategic Partnership Dialogue on 14 July 2026. During the meeting, participants discussed collaboration on trade, investment, mining, energy, science and technology, defence, customs, countering
See MoreUSMCA: US says constructive discussions with Mexico, Canada yet to produce concessions
The US is making progress in negotiations with Mexico to revise the US-Mexico-Canada Agreement (USMCA), while discussions with Canada have yet to produce the concessions sought by the Trump administration, US Trade Representative Jamieson Greer said
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Canada, France sign competent authority arrangement on MLI arbitration procedures under tax treaty
According to a recent update from the Canadian government, Canada and France have signed a Competent Authority Arrangement establishing the procedures for applying the arbitration provisions under Part VI (Arbitration) of the OECD Multilateral
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