🟢 Regulatory Alert: Duties on Canadian Energy Products Begin
🟢 Regulatory Alert: Duties on Canadian Energy Products Begin
March 4, 2025
Duties on Canadian Energy Products Begin
Effective at 12:01 a.m. on March 4, the Trump Administration has imposed tariffs on Canadian and Mexican imported goods under the International Emergency Economic Powers Act and the National Emergencies Act. Imports of “energy resources” from Canada will be subject to a lower 10 percent ad valorem rate of duty. However, other goods from these countries will be subject to a higher 25 percent tariff.
A Federal Register notice published today defines “energy resources” as “crude oil, natural gas, lease condensates, natural gas liquids, refined petroleum products, uranium, coal, biofuels, geothermal heat, the kinetic movement of flowing water, and critical minerals.” Thus, motor fuels and heating oil imported from Canada will be subject to the lower 10 percent tariff. There is no applicable de minimis exemption for motor fuels and heating oils, and there is no exclusionary process for any of the new duties.
“EMA will remain vigilant in monitoring the impacts of the tariffs on energy marketers and will provide guidance on the various issues that may arise," said EMA President Rob Underwood. “EMA will continue advocating for an exemption for fuel imports to prevent adverse effects on consumers at the pump and heating oil households.” |
For more information, please contact:
Jessica Escobar, VP & Counsel of Regulatory Compliance,
at 512.617.4304 / jescobar@tffa.com