The trade agreement covers virtually all goods that flow across the border so it’s essentially a tariff on nothing.
Still, it’s a sign of how poorly US-Canada negotiations are going and the USMCA agreement is up for renegotiation next year. It’s also an indication of how infatuated Trump is with tariffs — and there are EU tariffs likely coming today.
Zooming out, the Canadian economy has performed better than almost anyone thought it would this year given headwinds from Trump and housing
Canadian dollar erases the Trump tariff drop
