President Trump increased tariffs on Canadian goods to 35%, though exemptions related to the United States-Mexico-Canada Agreement (USMCA) cover most products. Canada's central bank reports that 100% of energy exports and 95% of other exports comply with the USMCA, allowing for significant access to the U.S. market without tariffs. Canadian Prime Minister Mark Carney noted that over 85% of Canada-U.S. trade remains tariff-free. Despite economic challenges, Canadian officials express confidence in the economic resilience and reliance on USMCA for trade benefits.
Goods that comply with the 2020 United States-Mexico-Canada Agreement that Trump negotiated during his first term are excluded from the tariffs.
The Royal Bank estimated that almost 90% of Canadian exports appear to have accessed the U.S. market duty free in April.
Canada's central bank says 100% of energy exports and 95% of other exports are compliant with the trade pact, known as USMCA.
There is a lot of resilience I'd say. The Canadian economy has done relatively well, better than most of us expected, and remember that there are no tariffs on any of our energy exports.
Collection
[
|
...
]