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Trump pushed tariffs on Canada to 35 per cent, but a CUSMA carveout creates a shield

CANADA, AUG 1 – The tariffs exclude products under the Canada-U.S.-Mexico trade agreement, covering 94% of Canadian imports to the U.S., according to RBC Economics analysis.

  • On August 1, 2025, U.S. President Donald Trump signed an executive order imposing 35% tariffs on many Canadian goods, effective the following Friday.
  • Trump justified the tariffs by citing Canada’s failure to curb fentanyl flow, retaliatory tariffs, dairy supply management, and Canada’s recognition of Palestinian statehood.
  • Most Canadian exports compliant with the Canada-U.S.-Mexico Agreement  could avoid these tariffs, but trade uncertainty is causing investment chill and worries among small businesses.
  • Prime Minister Mark Carney expressed disappointment yet emphasized ongoing efforts to protect jobs and combat illicit drugs, while Candace Laing called the White House fact sheet "fact-less."
  • The tariffs increased economic tensions and delayed business certainty, prompting calls for negotiation, support of impacted businesses, and diversification of Canadian trade partnerships.
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Coast Reporter broke the news in Sechelt, Canada on Friday, August 1, 2025.
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