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- Business Fallout from US Tariffs, Canada’s Retaliation, Peanut Butter, EU Policy Shifts, and More
Business Fallout from US Tariffs, Canada’s Retaliation, Peanut Butter, EU Policy Shifts, and More
Policy Key Pulse Week of February 3, 2025
A global trade shake-up is underway with US tariffs and Canada’s countermeasures, while EU policy shifts hint at more future changes.
Click on each link below for more details about key points, implications, further actions, and FAQ.
The Executive Order introduces 25% tariffs on imports from Canada and Mexico, 10% tariffs on imports from China, and eliminates the de minimis exemption for low-value shipments.
Key Points
Tariffs Imposed on Canada, Mexico, and China
De Minimis Exemption Suspended
National Emergency Expansion
Your Bottom Line
Businesses importing goods from Canada, Mexico, and China should expect increased costs due to the new tariffs, and also potential supply chain adjustments.
Canada has announced a series of countermeasures, including 25% tariffs on a range of U.S. products, in reaction to US tariffs.
Key Points
Initial 25% Tariffs on Selected Products, Including Peanut Butter
Future 25% Tariffs on Additional Products
Remission Process for Canadian Businesses
Your Bottom Line
Businesses importing the listed US goods will face increased costs and also potential disruptions in supply chains, with a new remission process for specific cases.
The European Commission's Competitiveness Compass outlines strategies to enhance the EU's economic standing and productivity.
Key Points:
Current Challenges in the EU
Strategic Imperatives
Global Context and Supply Chains
Your Bottom Line
Companies operating in technology, energy, and manufacturing should monitor opportunities for additional incentives and funding as well as supply chain risks.
This Executive Order about K-12 education pushes for increasing state-level educational choice initiatives and applying federal resources to expand schooling options.
Key Points
Parental Rights
Educational Choice
Federal Support
Discretionary Grants
Your Bottom Line
Businesses involved in educational services, including private and charter schools, may see increased demand as a result of additional funding.
These significant changes in US policy apply to digital assets and financial technology, emphasizing support for blockchain innovation, while also introducing the prohibition of creating Central Bank Digital Currencies (CBDCs).
Key Points:
Support for Digital Assets
Protection of Blockchain Activities
Prohibition of CBDCs
Your Bottom Line
Financial institutions are expected to become increasingly active in digital assets, with further innovation across blockchain technology, leading to more use cases for both businesses and consumers.