April 04, 2025

[Eh!] Canada Reacts: The U.S. Tariffs That Could Upend Trade with Warrington Ellacott and Sean Stephenson

27 minutes

What happens when global trade rules change overnight? In this explosive episode, trade experts reveal the seismic shifts in international commerce that could reshape your business strategy!

Context:

Recorded on April 3rd, featuring Sean Stephenson, Trade Sanctions Counsel at Dentons, this episode unpacks recent US trade policy developments that will send shockwaves through global supply chains.

Key Takeaways: 🌍

- US Auto Tariffs: Immediate production pauses at Stellantis across North America

- China De Minimis Rule Elimination: Effective May 2nd, impacting cross-border e-commerce

- New Flat 10% Tariff on All Countries: Targeting multiple nations including China, Vietnam, South Korea

- Average China Tariff Rates Skyrocketing from 42% to 76%

Critical Insights 💡:

- Origin matters more than ever - transshipment risks are high

- Supply chains facing massive disruption

- No drawback opportunities for most tariffs

- Businesses must rapidly reassess international sourcing strategies

Expert Quote: "We're seeing a significant supply chain impact that will rip through global manufacturing" - Sean Stephenson

#InternationalTrade #GlobalSupplyChain #TradePolicy #ImportExport

🤝 Connect with the Experts:

- Sean Stephenson: https://www.dentons.com/en/sean-stephenson

- Warrington Ellacott: https://www.linkedin.com/in/warringtonellacott/

Mentioned on the show:

https://www.pm.gc.ca/en/news/news-releases/2025/04/03/canada-announces-new-countermeasures-response-tariffs-from-united-states

This episode is a must-listen for any business navigating the complex, rapidly changing global trade environment. Understanding these shifts could save your company millions!

🎧 Listen, Learn, Adapt! 🌐

#TradeCompliance #TradeIsGood

Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

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