Selected Government Memorandums, Notices and Decisions
Here is a selection of relevant memorandums, notices, and decisions published this week. If you have any questions, be sure to contact your Axxess specialist.
Canada initiates WTO dispute regarding U.S. duties on automobiles and auto parts
Canada has requested World Trade Organization (WTO) dispute consultations with the United States concerning the U.S. measures imposing a 25 per cent duty on automobiles and automobile parts from Canada.
Canada’s countermeasures against auto imports from the United States are now in force
Minister of Finance François-Philippe Champagne confirmed that Canada’s new countermeasures announced last week in response to the unjustified tariffs imposed by the United States on the Canadian auto industry came into force at 12:01 a.m. EDT on April 9.
U.S. turns various “reciprocal” tariffs to one rate of 10% for 90 days, except for China
The American President announced on April 9 that country-specific “reciprocal” tariffs rates announced last week, which took effect on April 9, are now suspended effective April 10, for a period of 90 days.
Canada posts a $1.5 billion merchandise trade deficit in February
Statistics Canada announced that Canada’s merchandise exports decreased 5.5% in February, while imports were up 0.8%.
Selected Government Memorandums, Notices and Decisions
Here is a selection of relevant memorandums, notices, and decisions published this week. If you have any questions, be sure to contact your Axxess specialist.
Reporting of goods under the Proceeds of Crime (Money Laundering) Terrorist Financing Act
On April 1, 2025, the Proceeds of Crime (Money Laundering) and Terrorist Financing Reporting of Goods Regulations (the Regulations) and amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) come into force.
WTO global goods trade barometer remained stable in January
According to the World Trade Organization’s (WTO) latest Goods Trade Barometer, global goods trade appeared to remain steady in the fourth quarter of 2024 and looked set to continue growing in the first months of 2025.
Canadian railways’ total freight volume was up 8.0% in January
Statistics Canada reports that the volume of cargo carried by Canadian railways reached 32.1 million tonnes in January, up 8.0% from January 2024. Year-over-year gains in carloadings of wheat, coal and canola in January 2025 contributed to the overall increase.
Global air cargo demand declined by 0.1 percent in February
According to data for February released by the International Air Transport Association (IATA) global air cargo total demand, measured in cargo tonne-kilometers (CTK), declined by 0.1% compared to February 2024 levels (+0.4% for international operations). This marks the first decline since mid-2023.