President Trump announced a new 50% tariff on about $20 billion of Canadian goods. For Canadian entrepreneurs and investors looking to reduce the impact on their business, the E-2, L-1, O-1, and EB-1 visas are options to consider.
New 50% Tariff on Canadian Goods
Breaking News—President Trump has announced a new 50% tariff on about $20 billion of Canadian goods, including electrical equipment and machinery, and it’ll take effect in 30 days.
According to administration officials, these tariffs are unrelated to other tariffs that President Trump has threatened to impose against Canada in retaliation for wildfire smoke that has spilled into the northern U.S.
Visa Options for Canadian Entrepreneurs and Investors
If you’re a Canadian entrepreneur or investor who’s looking for a way to minimize the impact of these and other tariffs on your business, here are a few U.S. visa options to consider:
1. The E-2 investor visa lets you establish and invest in a U.S. startup, franchise, or acquired business that creates jobs, including one for you.
Solid investments of at least $100,000 are seeing high approval rates.
2. The L-1 intracompany transfer visa allows executives, managers, and specialized knowledge employees to transfer to a new or existing office of a U.S. company with a qualifying relationship; and
3. The O-1 and EB-1 visas are for individuals of extraordinary ability in business, the arts, sciences, or athletics.
About Me
I’m Joseph Bovino, America-first immigration and business attorney based in the Free State of Florida—with no personal income tax, by the way—and serving clients worldwide who can help make America even greater than it already is.
Want to talk through your situation? Book a consultation with me.
