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.
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.
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.
