US Edition
35% tariff on Canada still in the cards, Lutnick says
WASHINGTON, UNITED STATES, JUL 31 – The tariff hike targets Canadian goods excluding those under the Canada-U.S.-Mexico Agreement, aiming to address trade disputes cited as an emergency by the White House.
- On Thursday, the White House announced that President Donald Trump approved an executive order raising tariffs on Canadian products from 25% to 35%, with the new rates taking effect on August 1.
- The tariff hike followed stalled trade negotiations and Canada's announcement to recognize a Palestinian state, which Trump said complicates any deal.
- Canada's imports to the U.S. this year total $168.54 billion, with just 19.1% eligible for duty-free entry under USMCA, down from 37.9%.
- Commerce Secretary Howard Lutnick described Canada’s Palestine stance as 'tone deaf' and said the 35% tariff would be punishing, while oil imports would remain duty free.
- The tariff increase could deeply affect U.S.-Canada trade relations, though no court decision has been issued and retaliatory tariffs remain possible but uncertain.
193 Articles
193 Articles
The 35% tariff kicked in today on Canadian goods. How big of an impact will it have?
With some 95 per cent of exports estimated to be CUSMA-compliant, that means lots of goods are shielded from new high tariff rates. But businesses that are impacted can’t be ignored, experts say.
Trump Sets Tariff Rates For Dozens of Countries, Dramatically Raises Rates on Canadian Imports
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Trump’s 35% tariffs damaging to Quebec workers, businesses, Legault says
Quebec Premier François Legault reacted on social media to the increase in tariffs for Canada from 25 per cent to 35 per cent on Canadian products not covered by a pre-existing trade agreement as of Aug. 7. In a social media post, Legault said the tariffs are “damaging to our workers, our businesses. These tariffs […]
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