Tariffs - Delayed, but still looming
As with the team here at the Electrical Contractors' Association of Ontario (ECAO), we expect you have been closely following the threatened imposition of tariffs on Canadian goods by the United States, and the inevitable retaliatory tariffs by Canada on American goods.
The reprieve on these farcical actions may only be short-term, and we expect this is causing concern, anxiety and uncertainty among our members, partners and the Ontario construction industry as a whole.
ECAO is closely monitoring this political battle. We are staying in touch with our industry partners and legal resources, and continually monitoring news feeds. In addition, we will be meeting with our affiliate partners, suppliers and other industry players to plan implementation of possible solutions, to advise our members, and determine appropriate actions and alliances.
We are making available a number of articles on the potential US-imposed tariffs and their impacts from industry experts. Please check the ECAO website's new "Tariff Tracker" section for updates as they become available.
ECAO will continue to closely monitor this situation, communicate key updates and relevant information with you as appropriate, and work towards solutions for the continued immediate and long-term health of our industry.
Graeme Aitken
Executive Director, ECAO
Feb 11: Webinar: Tariffs, taxes, and more trends in 2025
via MNP
Now that a U.S. trade review is underway and those vying for Canada’s top job have shared some of their intentions for the country, we have a clearer picture of what this all means for Canadian businesses.
Our next Business Owner Series webinar will cut through the uncertainty to review the impacts of U.S. tariffs and Canadian retaliatory tariffs and how affected businesses can make themselves resilient to trade pressures. We’ll also have a Canadian political expert from Crestview Strategies on hand to review the country’s near- and long-term policy direction — and what that could mean for Canadian businesses.
Spaces are limited. Register now to secure your spot!
Register Here
Feb 03: Tariff Delay: 30-Day Extension Following Trudeau-Trump Talks
Trump tariffs: the U.S. first strike and Canada’s retaliation
Via Osler
On February 1, 2025, U.S. President Trump issued an Executive Order imposing 25% tariffs on all “products of Canada”, excluding energy resources, which will face 10% tariffs instead. The tariffs were originally slated to come into force February 4, 2025, at 12:01 a.m. Eastern time. In response to the tariffs, Canada released its own retaliatory tariff package, beginning with 25% surtaxes on select U.S. goods representing $30 billion in annual imports, originally also planned to be effective February 4, 2025. As of February 3, 2025, at 4:30 p.m. ET, the U.S. and Canada's implementation of the proposed tariffs have been put on pause for 30 days.
Read More
On February 1, 2025, U.S. President Trump issued an Executive Order imposing 25% tariffs on all “products of Canada”, excluding energy resources, which will face 10% tariffs instead. The tariffs were originally slated to come into force February 4, 2025, at 12:01 a.m. Eastern time. In response to the tariffs, Canada released its own retaliatory tariff package, beginning with 25% surtaxes on select U.S. goods representing $30 billion in annual imports, originally also planned to be effective February 4, 2025. As of February 3, 2025, at 4:30 p.m. ET, the U.S. and Canada's implementation of the proposed tariffs have been put on pause for 30 days.
Read More
Webinar: New US-Canada tariffs take effect February 4th
Via Norton Rose Fulbright
Join Norton Rose Fulbright for a webinar on the evolving tariff landscape and what businesses on both sides of the border need to know. Starting February 4th, the US will impose 25% tariffs on imports into the US of Canadian-origin products, except energy resources, which are subject to a 10% duty. In response, Canada will retaliate with tariffs on many US-origin imports. This shift in trade dynamics may impact supply chains, particularly in highly integrated sectors, as well as contracts, and business decisions. Our trade law experts will break down the key details of the Canadian and US tariffs and offer strategies for adapting.
Register Here
Join Norton Rose Fulbright for a webinar on the evolving tariff landscape and what businesses on both sides of the border need to know. Starting February 4th, the US will impose 25% tariffs on imports into the US of Canadian-origin products, except energy resources, which are subject to a 10% duty. In response, Canada will retaliate with tariffs on many US-origin imports. This shift in trade dynamics may impact supply chains, particularly in highly integrated sectors, as well as contracts, and business decisions. Our trade law experts will break down the key details of the Canadian and US tariffs and offer strategies for adapting.
Register Here
