The Tariff Edition by WBN News delivers daily, fact-checked updates on global tariffs, trade wars, and their impact on small businesses. Expert analysis and insights. Publisher – Rob Arthurs
Canada is standing firm in a world of rising trade tensions. As global tariffs tighten and economic uncertainty looms, Canadian businesses — especially small and mid-sized enterprises — are navigating a complex web of international trade shifts.
Canadian exporters are facing their toughest U.S. trade climate in decades. As of August 14, 2025, a sweeping 35% tariff applies to most Canadian goods under IEEPA, alongside 50% duties on steel and aluminum and 25% tariffs on autos and parts under section 232.
As of August 1st, 2025, Canada entered a new era of economic confrontation with the United States. President Trump has imposed a sweeping 35% tariff on Canadian goods outside of CUSMA (also known as USMCA in the U.S.), triggering the worst trade turbulence in over a decade.
Canada has quietly slipped into a modest recession—a technical downturn, not a collapse—triggered largely by escalating U.S. tariffs, global supply chain fragility, and years of economic overdependence on a single trading partner. GDP contracted by 0.1% in April and likely dipped again in...
Trump’s 50% copper tariff, announced July 8, 2025, targets Chile, Canada, Mexico. A trade and political ploy, it risks economic fallout with U.S. copper use at 1.85M tons, only 1.12M tons of it is domestic production.
On June 3, 2025, U.S. President Donald Trump signed an executive order doubling tariffs on imported steel and aluminum from 25% to 50%. This move is part of a broader protectionist strategy aimed at shielding American manufacturers from foreign competition.
