Trump and Tariffs: Focus on the US, Canada, Mexico and China

Baker McKenzie's Global Customs Group recently held "Trump and Tariffs: Focus on the US, Canada, Mexico and China" on Wednesday, 5 February 2025, in which our lawyers outlined the immediate implications of US tariffs on Canada and Mexico, as well as Canada’s countermeasures, what we can expect during the month in which duty imposition has been paused between Mexico/Canada/China and the US, impacts on the USMCA if tariffs are imposed, considerations with respect to both the transfer pricing and customs valuation implications resulting from increased costs through these potential tariffs, and what businesses need to do now in the face of these developments to navigate the customs landscape in North America and mitigate any potential additional tariffs.

Whether the pause with Canada and Mexico will stay in place remains to be seen. Our Global Customs team, including our attorneys and practitioners in the US, Mexico, Canada, and China, has been following these developments closely, and will continually update our Import and Trade Remedies Blog as developments occur.  

In case you missed it, you may view the webinar recording on demand below: