As the United States threatens to impose new 50% tariffs on certain Canadian exports in response to Canada's retaliatory trade measures, renewed efforts to advance Canada-U.S. trade negotiations are taking on added urgency. The proposed tariffs would affect billions of dollars in cross-border trade, increasing pressure on businesses that depend on deeply integrated North American supply chains.

Speaking recently with BNN Bloomberg, Jacques J.M. Shore, C.M., partner at Gowling WLG and former leader of the firm's National Government Affairs Group, discussed the potential economic impact of the proposed tariffs while emphasizing the importance of a measured approach to negotiations. Jacques noted that while the uncertainty is creating significant challenges for exporters on both sides of the border, Canada's longstanding trade relationship with the United States remains strong and should provide a foundation for resolving the dispute through constructive dialogue.

"Our supply chains are suffering right now... I'm expecting that we can address this all sooner rather than later... We are the envy of the world in terms of the CUSMA agreement we have right now... we've got to find the bridge."

To watch the interview, click the link below (subscription may be required):

About Gowling WLG's International Trade Group

In today's interconnected global economy, businesses face increasingly complex trade and regulatory challenges. Gowling WLG's International Trade team provides strategic advice on customs, trade remedies, sanctions, export controls, foreign investment review, and international agreements such as CUSMA, helping clients navigate cross-border issues and seize opportunities in global markets. Learn more.