US Edition
Crucial exemption allows majority of Canadian and Mexican goods to be shipped to US without tariffs
UNITED STATES, AUG 5 – A key USMCA exemption excludes over 90% of Canadian and Mexican exports from tariffs, preserving vital trade flows despite recent U.S. tariff hikes, analysts say.
- Goods that comply with the United States-Mexico-Canada Agreement trade pact Trump negotiated are excluded from US tariffs on Canada and Mexico.
- Canada's central bank says most Canadian exports are USMCA compliant and tariff-free, while Mexico says over 84% of its trade with the US is tariff-free under USMCA.
- Former Canadian officials say the USMCA gives Canada a relative advantage over other US trading partners facing high tariffs, but some major industries are still impacted.
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Trump’s tariffs grab headlines but this exemption allows Canadian and Mexican goods to enter US mostly duty free
U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties.Goods that comply with the 2020 United States-Mexico-Canada Agreement that Trump negotiated during his first term are excluded from the tariffs.Here’s a look at Trump’s tariffs on the two countries and their exemptions: Most Canadian exports reaching the US duty …
Preserving the free trade pact will be crucial for Canada and Mexico.
·Los Angeles, United States
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Crucial Exemption Lets Most Canadian, Mexican Goods Enter US ...
·Washington, United States
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Coverage Details
Total News Sources70
Leaning Left14Leaning Right4Center40Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 24%
C 69%
Factuality
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