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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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Barron's broke the news in New York, United States on Wednesday, April 2, 2025.
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