Overview

• The United States on August 1 raised tariffs to 35 percent on Canadian imports not covered by the USMCA.
• Roughly 95 percent of Canadian exports, including energy and auto parts, remain shielded under the USMCA from the new duty.
• Trade Minister Dominic LeBlanc said Canada is “prepared to stick around and do the work needed” despite being disappointed by the higher tariffs.
• Prime Minister Mark Carney is expected to speak with President Trump in the coming days to explore terms for lowering duties and preserving integrated supply chains.
• The White House justified the tariff hike by citing Canada’s alleged failure to curb fentanyl flow and tighten immigration controls.