Trump has announced US will increase tariffs to 35% on Canadian exports not covered under USMCAWhile negotiations continue with the US, Canada is focused on what we can control; that is on the Building Canada Strong campaignSectors such as lumber, steel, aluminum, autos are unfortunately going to he heavily impacted by US tariffs
Well, Trump did leave the door open for further talks here at least. But for now, there will be broad tariff increases for many countries as we move past the 1 August deadline and Canada is one of them. From earlier: Trump signed an order raising tariff rate on Canada to 35%, from 25%
This article was written by Justin Low at investinglive.com.