10 Feb 2025
🇺🇸Executive Order 14197
Progress on the Situation at Our Northern Border
Summary
Executive Order 14197 addresses the national security threat posed by drug trafficking at the U.S.-Canada border. It outlines a framework for imposing tariffs on Canadian goods while pausing certain tariffs to assess Canada's response to illegal activities. Ongoing evaluations will determine future actions based on the situation's developments.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The Executive Order introduces ad valorem tariffs on articles from Canada, which directly impacts businesses involved in trade, particularly those importing goods. The pause on the tariffs until March 4, 2025, provides businesses some breathing room while assessments are ongoing, but the potential for future tariffs remains a concern.