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Canada/USA Trade War – Tariffs

Canada/USA Trade War – Tariffs - Universal Logistics - Route Newsletter: February 2025

US President Donald Trump kept the trade world on edge in February with the announcement of a multitude of tariffs, and the next couple of weeks are sure to be a nail-biter with the following deadlines coming up:

  • March 4th – 25% tariff on Canadian made goods (10% on energy products)
  • March 12th – 25% tariff on all Steel and Aluminum and derivative products (from electrical conduit tubing to furniture)

On February 18th, Donald Trump also floated the idea of more tariffs which may be announced on April 2nd.

  • 25% on imports of vehicles
  • 25%, or more, on imports of pharmaceuticals and semiconductor chips
  • Reciprocal tariffs on all countries

Watch for our Trade Alerts as more information becomes available.

Quick Tip #25
Insurance primer

Protect your business interests by ensuring you understand what is covered by your cargo insurance policy – and what is not. Without proper insurance, even one loss can have a huge impact on your bottom line.

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