QSA's Week in Beaver & Eagle (#9, 2025)
Canada imposes tariffs on US goods; US adjusts tariffs on Canada; CBSA investigates renewable diesel dumping; Canada supports creative industries; Alberta responds to US tariffs.
Good morning! Welcome back to Queen Street Analytics' weekly roundup of US-Canada trade relations and foreign relations, drawing on both Canadian and US government sources.
Every Monday, we break down the most important updates in this space in under five minutes.
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Start Date: 2025-03-01
End Date: 2025-03-08
Top Headlines
Main Stories
Canada Imposes 25% Tariffs on US Goods
On March 4, 2025, Canada announced retaliatory tariffs of 25% on $155 billion worth of U.S. imports in response to unjustified U.S. tariffs. The initial phase targets $30 billion in goods, including orange juice, peanut butter, and appliances. Additional tariffs may follow if U.S. tariffs persist. A remission process is in place to mitigate impacts on Canadian businesses.
Sources: Announcements: www.canada.ca
US Adjusts Canadian Tariffs to Protect Automotive Industry
President Donald Trump announced tariff adjustments on Canadian imports to minimize disruption to the U.S. automotive industry. Tariffs include 25% on non-USMCA goods, 10% on certain energy products, and no tariffs on USMCA-qualifying goods. The adjustments aim to balance national security concerns with economic interests.
Sources: White House Announcements: www.whitehouse.gov
