US EditionHere’s what Canada’s effective U.S. tariff rate might look like after the carve-outs
Canada's effective U.S. tariff rate is around 6%, significantly lower than other countries due to exemptions under the Canada-U.S.-Mexico Agreement, economists say.
- Monday, Oxford Economics' Adam Slater said the effective tariff rate might be lower in practice due to shifts away from high-tariff Canadian goods, according to reports.
- Amid CUSMA carve-outs, the Canadian Press reported on August 12, 2025, that U.S. President Donald Trump maintained exemptions for CUSMA-compliant goods as tariffs increased to 35 per cent.
- In contrast to Canada's rate, RBC pegs the effective tariff rate facing other U.S. partners at around 15 to 17 per cent, with Canada at roughly six per cent.
- Amid high duties, U.S. businesses may shift away from high-tariff Canadian imports, with RBC estimates of around five per cent effective U.S. tariff rate affecting sectors.
- Amid trade uncertainties, Fan said, `if the relatively low tariffs on imports from Mexico and Canada persist, these economies could benefit from supply chain shifts` as long as CUSMA remains active.
32 Articles
32 Articles
A treaty beats a handshake
After what, for now, has been the most tumultuous month in Canada-U.S. trade relations, Canada emerges in a unique place among its G7 counterparts. We are the only G7 country without a new Trump trade deal. We are the only G7 member that is still retaliating with reciprocal tariffs against U.S. exports. And we have the lowest average tariff rate on our exports to the U.S. — by a long shot.
Here’s where Canada’s effective U.S. tariff rate might stand after the carve-outs
When you peel back the many layers of tariffs and exemptions imposed by United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say.
Rocky Mountain Outlook
Here's where Canada's effective U.S. tariff rate might stand after the carve-outs
OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say.
Given the many levels of tariffs and exemptions imposed by the United States, some economists argue that the actual rate on Canada is much lower than the key figures suggest.
WellandTribune.ca
Here’s where Canada’s effective U.S. tariff rate might stand amid carve outs
OTTAWA - Amid the many layers of tariffs and exemptions from the United States, some economists say the effective tariff rate on Canada is much lower than the headline figures suggest.
Sask Today
Here's where Canada's effective U.S. tariff rate might stand amid carve outs
OTTAWA — Amid the many layers of tariffs and exemptions from the United States, some economists say the effective tariff rate on Canada is much lower than the headline figures suggest.
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