Tariffs and trade: Canada-U.S. brief

Torys’ Canadian and New York offices will be providing regular briefs on the legal ramifications of the tariffs and other cross-border policy developments on the horizon.

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Developing topics

Brief
Canada rolls back retaliatory tariffs on CUSMA-compliant goods, matching current U.S. approach
Canada’s removal of retaliatory tariffs and a U.S. Federal Appeals Court decision holding that President Trump’s IEEPA tariffs are an overreach of emergency powers are discussed in this latest tariff and trade update.
Brief
President Trump’s tariffs: Monetizing assets in restructuring scenarios
For companies facing distress from the impact of tariffs, asset sales may be one element of a strategy to assist with long term stability.
Balado
Q&A with Canada’s former chief trade negotiator Steve Verheul
In this wide-ranging discussion, Verheul outlines key considerations for Canada as changing trade relations bring challenge and opportunity.
Brief
Digital infrastructure and data sovereignty as national priority projects
A new focus is emerging from governments and industry on ensuring Canada keeps pace with digital infrastructure—with investment opportunities across a variety of asset classes.
Revue trimestrielle
C’est le moment de voir grand : accélération des projets de priorité nationale
Le moment est venu de voir grand en accélérant les projets de priorité nationale. Notre équipe multidisciplinaire analyse les mesures que pourraient prendre les gouvernements, les entreprises et l’industrie du Canada.
Brief
Use the force (majeure)? Considering the application of force majeure clauses to tariffs
Will force majeure provisions in contracts be sufficient for businesses to not perform contract obligations that are impacted by tariffs? Our cross-border team examines recent case law.

Previously distributed

In January shortly after inauguration, President Trump issued his far-reaching “America First Trade Policy” mandating a comprehensive review of U.S. trade relationships, with specific focus on Canada, Mexico, and China. Below is further commentary covering a wide range of issues resulting from this and other executive orders and policy announcements.