For shippers: Reassess suppliers—either absorb costs or seek alternatives.
For freight brokers/carriers: Increased demand for LTL shipments as shippers adjust order sizes.
For U.S. consumers: Anticipate higher prices on Canadian imports like vehicles and timber.
For Canadian consumers: Retail prices may rise if companies pass on increased costs.
March 4, 2025: U.S. tariffs officially took effect, pushing prices up overnight.
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March 5, 2025: Canada challenged U.S. tariffs at the WTO, calling them unjustified, while Trump granted a one-month exemption for U.S. automakers under industry pressure.
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