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Canada exempt from Trump's new tariffs, existing duties remain

  • Canada and Mexico will be exempt from a 10% tariff rate as stated by the White House.
  • Prime Minister Mark Carney remarked that Donald Trump's tariff regime will 'fundamentally change the global trading system.'
  • Ontario Premier Doug Ford described the signals from the White House as positive concerning Canada's case.
  • Canada and the United States will start negotiations on a new economic and security relationship after the upcoming election.
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Auto giants have shown surprising resilience after the announcement of new US trade tariffs, due to the fact that, at least for the time being, Canada and Mexico have been exempted from the harshest measures imposed by President Donald Trump's "reciprocal tariffs" policy, CNBC reports.

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  • 56% of the sources lean Left
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Barron's broke the news in New York, United States on Wednesday, April 2, 2025.
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