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Canada Tariff News and Tracker
Quiet. Please
48 episodes
3 days ago
This is your Canada Tariff Tracker podcast.

Canada Tariff Tracker is your go-to daily podcast for the latest news and insights on tariffs affecting Canada due to US policies. Stay informed with in-depth analysis and expert commentary on how these economic measures impact Canadian businesses and consumers. Whether you're a policymaker, business owner, or simply curious about international trade dynamics, Canada Tariff Tracker keeps you up to date with accurate and timely information. Tune in every day to understand the evolving trade landscape between Canada and the United States, and how new tariff developments could influence your decisions. Keep your finger on the pulse with Canada Tariff Tracker, where trade news meets clarity.

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All content for Canada Tariff News and Tracker is the property of Quiet. Please and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
This is your Canada Tariff Tracker podcast.

Canada Tariff Tracker is your go-to daily podcast for the latest news and insights on tariffs affecting Canada due to US policies. Stay informed with in-depth analysis and expert commentary on how these economic measures impact Canadian businesses and consumers. Whether you're a policymaker, business owner, or simply curious about international trade dynamics, Canada Tariff Tracker keeps you up to date with accurate and timely information. Tune in every day to understand the evolving trade landscape between Canada and the United States, and how new tariff developments could influence your decisions. Keep your finger on the pulse with Canada Tariff Tracker, where trade news meets clarity.

For more info go to

https://www.quietplease.ai


Or check out these deals
https://amzn.to/3FkjUmw
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Episodes (20/48)
Canada Tariff News and Tracker
US Imposes 35 Percent Tariffs on Canadian Goods Sparking Trade Tensions and Retaliation in 2025
Listeners, welcome to Canada Tariff News and Tracker. Today, August 15, 2025, we’re bringing you the latest updates on the trade front between the United States and Canada, with a special focus on the newest tariffs and their far-reaching effects in the age of Trump’s “America First” trade agenda.

In a dramatic turn this year, the United States under President Donald Trump has hiked tariffs against Canadian goods to 35 percent. Canada’s long-standing preferential access under agreements like the USMCA now only exempts products that strictly satisfy all origin rules, meaning a growing list of goods is caught by this steep new barrier. This increase is drawing pointed concern from both Canadian and international analysts. According to CBC News, the 35 percent tariff applies to a wide range of Canadian exports, from manufactured goods and agricultural products to minerals and energy, unless they fully qualify under USMCA’s specific rules.

These changes followed President Trump’s early April announcement of a 34 percent so-called “reciprocal” tariff on Chinese goods. The strategy has extended beyond China, targeting close allies as well. Seneca Trade Partners confirms that the effective rate on Canadian imports is now 35 percent, except for USMCA-compliant products. Beyond broad tariffs, the U.S. has reinforced sector-specific duties: steel and aluminum products from Canada have faced tariff escalations up to 50 percent this year, and automobile tariffs have also been reinstated at 25 percent for most foreign vehicles, with some offsets.

The rationale from Trump and his advisers centers on protecting U.S. manufacturing jobs and curbing what the administration claims are unfair advantages enjoyed by trade partners like Canada. Torres Trade Law explains how these actions are designed to push more supply chains back to American soil by making it more expensive to import foreign raw materials—whether steel, semiconductors, or finished cars.

But the tariffs are not without consequence. CBC News and The Independent report Canadian retaliation has been swift. Notably, a boycott of U.S. alcohol across Ontario wiped out what was last year a $700 million business and caused a 62 percent collapse in American liquor sales to Canada in the first half of 2025. Meanwhile, some provinces are reintroducing U.S. brands—with a 25 percent retaliatory tariff, causing unsettled, seesawing market dynamics.

Domestic industries in both countries feel the pinch. The U.S. Wine Institute reports over $173 million lost in California wine exports to Canada so far this year. Government contractors in the U.S. are passing on increased raw material costs, with some government relief clauses only softening the blow for certain firms.

Canada’s response is to diversify trade and bring in more support for industries affected by the tariffs while strengthening ties with the EU and pivoting further to Asian markets. Yet, as trade experts like Michael Hüther point out, Canada’s resource sector remains deeply interconnected with both American and global supply chains—and adjusting to this new tariff reality won’t happen overnight.

Thanks for tuning in to this week’s Canada Tariff News and Tracker. Don’t forget to subscribe wherever you get your podcasts. This has been a quiet please production, for more check out quiet please dot ai.

For more check out https://www.quietperiodplease.com/

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4 days ago
3 minutes

Canada Tariff News and Tracker
US Imposes Steep 35 Percent Tariffs on Canadian Imports Amid Trade Tensions and USMCA Compliance Challenges
Listeners, here’s the latest on the US-Canada tariff situation as of August 13, 2025. President Trump’s tariff policies are dominating headlines and reshaping the trade landscape for Canadian companies with immediate effects. Just last week, new reciprocal tariffs announced by President Trump officially took effect. The tariff rate on Canadian imports to the US has jumped from 25 percent to 35 percent for all products that do not comply with the US-Mexico-Canada Agreement—commonly referred to as USMCA. Meanwhile, tariffs on Mexican imports have been held at 25 percent for the next 90 days, but Canadian goods are feeling the squeeze right away, especially if they’re outside the carve-outs offered under the trade pact, according to the National Demolition Association.

For many listeners, the big headline is that 35 percent figure—but here’s an important nuance: RBC senior economist Claire Fan told the Canadian Press this week that while the headline tariff sits at 35 percent for non-USMCA goods, the effective average tariff rate on Canadian exports to the US is closer to 6 percent today. That’s thanks to carve-outs and exemptions tied to the USMCA, which still covers the majority of Canadian exports.

However, for certain sectors—steel, aluminum, and lumber in particular—tariffs are much higher. The Business Council of Canada reports that Canada’s steel and aluminum exports to the US are now facing duties up to 50 percent for some categories, with sector-specific countervailing duties also in place. Ontario and Quebec have been hit hardest, recording an 11 percent drop in steel and aluminum exports in June alone. The pain reaches deep into the heartland, as American companies like Ford, which depend on Canadian aluminum for vehicle production, are also raising concerns.

The U.S. Lumber Coalition applauded President Trump’s trade enforcement actions this week. Their data show the share of Canadian lumber in the American market has plunged to 21 percent, down from much higher levels just a year ago. Coalition chair Andrew Miller credited US tariff policy for revitalizing the domestic lumber industry and said Canadian calls to relax these trade laws are “unfounded scare tactics.” Meanwhile, Canada has been rolling out new subsidies for its lumber producers and lobbying for tariff relief, but with America still collecting billions in import duties, Washington isn’t showing any signs of backing down.

Political leaders on both sides of the border are reacting. Canadian Prime Minister Mark Carney and provincial premiers have called for targeted industry support and intensified trade diplomacy. Analysts across outlets like CTV News say that uncertainty remains the only certainty: President Trump’s willingness to escalate tariffs—even breaking deals days after striking them—means a long period of trade volatility ahead. The North American trading relationship continues to be crucial, as both Canadian and American businesses warn of rising costs, delayed investments, and difficult adjustment decisions.

Listeners, that’s your tariff news and tracker update. Thanks for tuning in—don’t forget to subscribe for the latest analysis on the US-Canada trade front. This has been a quiet please production, for more check out quiet please dot ai.

For more check out https://www.quietperiodplease.com/

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6 days ago
3 minutes

Canada Tariff News and Tracker
US Imposes Sweeping 35 Percent Tariffs on Canadian Goods Amid Trade Tensions Reshaping North American Economic Landscape
It’s Monday, August 11, 2025, and we’re tracking the fast-moving tariff story reshaping Canada–U.S. trade. According to The Logic, as of today the U.S. has imposed a blanket 35 percent tariff on virtually all Canadian goods, with limited exceptions: energy products and potash face a lower 10 percent rate, and there’s no carve-out for autos or agriculture. The Logic reports there is currently a 35 percent tariff on all Canadian goods except energy and potash, and no sectoral exemptions.

These measures sit within Washington’s new “reciprocal tariffs” regime. Mondaq notes the tariff schedule formally took effect August 7, with country-specific rates between 10 and 41 percent across more than 60 partners after a July 31 executive order set the framework. Caixin Global adds Canada’s headline rate is 35 percent under this regime, alongside rolling deadlines, a 40 percent duty on goods routed through third countries to avoid tariffs, and an end to predictable carve-outs, heightening compliance risks for Canadian exporters.

For Canada’s core sectors, immediate pressure is growing. Salon reports U.S. tariffs on Canadian steel and aluminum have reached up to 50 percent on certain lines, and pharmaceuticals and autos are being hit at roughly 35 percent depending on component origin, with early signs of layoffs and cost pass-through. The Hill Times highlights that Canadian industry groups are urging Ottawa not to relent in negotiations and are pressing for zero tariffs on autos to protect integrated North American supply chains. OpenCanada underscores that Ottawa is preparing a pragmatic response—targeted, data-driven measures that minimize domestic harm while applying pressure where it most affects the U.S. economy.

On the ground, logistics and ecommerce are being rewired in real time. DCL Logistics reports U.S. tariff hikes announced around August 1 include country-specific rates up to 50 percent and the abolition of the U.S. de minimis rule, meaning even low-value shipments from Canada are now dutiable, disrupting direct-to-consumer flows and raising costs at checkout. AInvest notes SMEs can still leverage CUSMA rules of origin to qualify for duty-free treatment where criteria are met, but documentation and audits will tighten, and transshipment penalties risk nullifying savings.

Key headlines listeners should watch: The Logic’s tariff rate update for Canada at 35 percent with 10 percent for energy and potash; Mondaq’s confirmation that reciprocal tariffs are now active; Caixin Global’s detailing of rolling deadlines and transshipment duties; The Hill Times on Canada’s auto-sector push for zero tariffs; and DCL Logistics on the end of de minimis and sectoral exposure.

Thanks for tuning in, and don’t forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

For more check out https://www.quietperiodplease.com/

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1 week ago
3 minutes

Canada Tariff News and Tracker
US Tariffs Hit Canadian Imports Hard: Trade Tensions Rise as Potato Prices Soar and Jobs Vanish
Thanks for joining Canada Tariff News and Tracker, your source for the latest headlines, facts, and in-depth updates on tariffs and trade with our southern neighbor.

Big news today as U.S. President Donald Trump has raised tariffs on Canadian imports to a striking 35 percent. This increase, which took effect on August 1st, came after Canada was unable to secure an agreement to avoid the hike, according to the Winnipeg Sun. However, despite these headline-making tariffs, most goods traded between Canada and the U.S. still escape the new duties, thanks to critical exemptions under the 2020 United States-Mexico-Canada Agreement, or USMCA. Canada’s central bank reports that 100 percent of Canadian energy exports and about 95 percent of other exports remain compliant with the trade pact. As a result, according to comments from Prime Minister Mark Carney and trade experts cited by Hays Post, more than 85 percent of Canada-U.S. trade continues to cross the border tariff-free.

Still, the non-USMCA-compliant goods are feeling the pinch. Fox Business indicates that sector-specific tariffs, particularly on steel, aluminum, autos, and agricultural goods like potatoes, are taking a significant toll on key Canadian industries. In July alone, the country shed 40,800 jobs, erasing a chunk of the gains from earlier in the summer, and pushing youth unemployment to its highest rate in decades outside pandemic years. Manufacturing employment dipped sharply, with the United Steelworkers union confirming at least a thousand layoffs in its sector.

The potato story makes the impact personal for many. A recent report from Fox Business details how the 35 percent tariff on Canadian potato imports sent prices for U.S. consumers soaring. What used to be a $22 bag of potatoes is now pushing $30, and fast food chains like McDonald’s have hiked their fry prices and cut portions. In response, Canadian producers have pivoted, redirecting billions in exports to Asian markets, including new contracts with Japan, South Korea, and Indonesia. That’s left U.S. buyers scrambling for supply while Canadian farmers diversify their global reach.

Despite these turbulent headlines, trade analysts and industry leaders say Canada remains in a relatively strong position compared to other U.S. trading partners. Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, told the Associated Press that Canada is “better off than any of the trading partners right now because the Americans appear to be relying as a default on USMCA.” Still, the twin challenges of a volatile policy environment and shifts in employment are forcing Canada to rethink its future. According to Marcus Lee at Ainvest, Canada is deepening its trade ties with Mexico and expanding infrastructure and energy projects to reduce future vulnerability to U.S. tariffs.

With the USMCA review just on the horizon and pressure mounting across the agriculture and manufacturing sectors, the next few months will be critical for policymakers, investors, and families alike.

Thank you for tuning in to Canada Tariff News and Tracker. Don’t forget to subscribe for the latest updates and expert insight. This has been a quiet please production, for more check out quiet please dot ai.

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1 week ago
3 minutes

Canada Tariff News and Tracker
Trump Escalates Canada Tariffs to 35 Percent Amid Trade Tensions Sparking Economic Uncertainty and Market Diversification
Listeners, it’s been another dramatic week in trade news as President Donald Trump’s sweeping tariffs on Canadian goods are now fully in effect, marking another escalation in U.S.-Canada economic relations. As of August 1, 2025, Trump has increased tariffs on Canadian imports not compliant with the United States-Mexico-Canada Agreement, commonly called USMCA, to a striking 35 percent. This comes after a previous 25 percent rate, and these increases are being justified by Trump as responses to Canada’s alleged failure to stop drugs and illegal immigration at the northern border, as well as Canada’s own retaliatory tariffs of 25 percent on U.S. products.

It’s important to note that these tariffs do not apply to Canadian products that qualify under USMCA. According to Bank of Canada estimates and several government agencies, between 85 to 95 percent of Canadian exports to the U.S. remain tariff-free due to these exemptions. Still, for sectors outside the agreement—like steel, aluminum, select auto parts, copper, and pharmaceuticals—the pain is real, with some steel and aluminum products seeing tariffs as high as 50 percent. The promotional products industry in Canada is reporting that while the uncertainty has driven more companies to favor domestic suppliers, U.S. tariffs are generating higher prices and profit losses in specific sectors.

Prime Minister Mark Carney has publicly acknowledged the shifting landscape, saying that after several months of wrangling with the Trump administration, Canada cannot fully rely on its largest trading partner for prosperity. Carney is spearheading efforts to reduce economic dependence on the U.S. by expanding into Asian and European markets and supporting Canadian industries to build greater global resilience. Speaking at a lumber mill in British Columbia this week, Carney emphasized the push for diversification as essential.

Ontario Premier Doug Ford, in a frank interview with CNN’s Wolf Blitzer, warned about Trump’s willingness to re-open USMCA with a single signature and the “betrayal” of what has been a close relationship, pointing out that these tariffs hurt American workers just as much as Canadians. He revealed that direct talks are expected between Carney and Trump in the coming days as tensions continue to mount.

While these tariffs are headline news, some analysts suggest that Canada’s swift pivot to new export markets, especially Asia and Europe, may ultimately prove to be an unexpected opportunity for Canadian innovation and independence—though that’s cold comfort for industries feeling the current impact.

Thanks for tuning in to Canada Tariff News and Tracker. Don’t forget to subscribe so you never miss an update. This has been a quiet please production, for more check out quiet please dot ai.

For more check out https://www.quietperiodplease.com/

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1 week ago
3 minutes

Canada Tariff News and Tracker
US Imposes Massive 35 Percent Tariff on Canadian Goods Sparking Trade Tensions and Economic Uncertainty
Listeners, today’s episode of Canada Tariff News and Tracker comes at a critical moment for cross-border trade. As of August 7, 2025, the United States under President Trump has formally implemented a sweeping 35 percent tariff on most Canadian goods entering the US market, with a notable exemption for products fully compliant with the Canada-United States-Mexico Agreement, or CUSMA. This marks the highest general tariff rate between Canada and its largest trading partner since the early 20th century, and it is already sending major ripples throughout supply chains, manufacturing, and the Canadian economy.

The new 35 percent tariff comes after failed last-minute negotiations between the US and Canadian governments. According to CTV News, a Friday deadline for reaching a deal passed without agreement, triggering immediate implementation of the tariffs by the Trump administration. The move is widely seen as a response to concerns in the US about trade imbalances and alleged continued transshipment of Chinese goods through Canada, as well as the Trump administration’s decision to use powers under the International Emergency Economic Powers Act, or IEEPA.

Industry response has been swift and critical. Canadian manufacturers and exporters, especially in the steel, aluminum, automobile, and softwood lumber sectors, are now facing unprecedented costs. Originally, US tariffs on Canadian steel and aluminum had already reached 50 percent under earlier executive actions this year; now, the broader 35 percent rate affects nearly all non-CUSMA-compliant exports. Policymagazine.ca notes that auto, steel, and lumber producers have publicly warned that these tariffs are damaging North American industry competitiveness, raising input costs, and putting jobs at risk on both sides of the border.

Some experts and negotiators are suggesting that Canada shift its bargaining strategy. Rather than seeking simple tariff reductions, Canadian officials are urging consideration of tariff rate quota systems—a model where predetermined volumes of product are exempt from the harshest tariff levels. While this approach has seen movement in other US trade talks, no breakthrough has been reported yet between Ottawa and Washington. According to Policymagazine.ca, this strategy could protect core sectors while satisfying American demands for import discipline and price stability, especially as US automakers voice strong opposition to tariff-driven cost increases.

Meanwhile, Canada is proactively deepening trade ties with other major partners, including Mexico and the European Union, in a bid to diversify away from US dependence. As reported by Global News, high-level meetings are underway to explore sector-specific partnerships and to coordinate responses to US trade policy unpredictability under President Trump.

To summarize today's headlines: the US 35 percent tariff on Canada is now in full force, CUSMA-compliant goods remain protected for now, and the future of North American trade talks may hinge on new strategies like tariff rate quotas. The outlook remains uncertain, but one thing is clear—trade, jobs, and supply chains between the US and Canada are facing one of their most significant tests in decades.

Thank you for tuning in, and don’t forget to subscribe for the latest developments. This has been a Quiet Please production, for more check out quietplease dot ai.

For more check out https://www.quietperiodplease.com/

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1 week ago
3 minutes

Canada Tariff News and Tracker
US Imposes 35% Tariffs on Canadian Imports Amid Trade Tensions Sparking Negotiations Between Ottawa and Washington
Listeners, the Canada-U.S. trade scene is heating up after President Donald Trump imposed sweeping new tariffs on Canadian imports. As of August 1st, 2025, the tariff rate on most Canadian goods not covered by the Canada-U.S.-Mexico Agreement, or CUSMA, jumped from 25% to 35%. This marks a significant escalation in a tariff regime that already targeted key Canadian sectors such as steel, aluminum, automobiles, and, most recently, semi-finished copper. The White House claims these moves respond to perceived failures by Ottawa to stem fentanyl imports and as retaliation for earlier Canadian duties.

Canada’s new Prime Minister, Mark Carney, has called the tariff hikes “disappointing” and pointed out that Canada accounts for only 1% of U.S. fentanyl imports, emphasizing intensive efforts to address American concerns. Trade Minister Dominic LeBlanc stated on CBS News’ Face the Nation that while negotiations with U.S. officials have been constructive and cordial, both sides remain apart on reaching a new deal. LeBlanc emphasized that Canada is “prepared to stick around and do the work needed,” and the government expects further direct talks between Prime Minister Carney and President Trump in hopes of de-escalating the trade conflict.

According to Clyde & Co’s Tariff Tracker, these higher tariffs came into effect following the expiration of the Trump administration’s 90-day “pause” on global reciprocal tariff rates. The administration had warned this deadline would not be extended past August 1st, and countries without new bilateral agreements—including Canada—face tariffs generally between 25% and 40%. Notably, products qualifying under CUSMA rules of origin are exempt, meaning roughly 75% of cross-border goods remain tariff-free, though critical sectors are now hit with sharply higher duties.

Bank of Montreal economists estimate the actual effective U.S. tariff rate on all Canadian exports is now about 7%, a modest increase given that compliant products are spared from many duties. However, with CUSMA up for renegotiation in 2026, analysts warn that the headline 35% rate could become a bargaining chip, threatening to trigger much more severe consequences if the current trade deal is not renewed.

Despite these unprecedented measures, Canada’s economy is showing resilience. Economists such as Marc Ercolao from TD Bank describe it as a “bit of a surprise” that the impact has been more contained than expected, crediting the gradual nature of tariff rollouts and businesses’ ability to adapt to new trade realities.

In summary, U.S. tariffs on Canadian goods have reached 35% for those not CUSMA-compliant, with further hikes targeting specific sectors like steel and copper. Key government officials on both sides are now working to cool tensions and seek a pathway to a new or revised trade deal. The situation is dynamic, with the economic and political stakes significant for both countries.

Thanks for tuning in to Canada Tariff News and Tracker. Don’t forget to subscribe for the latest updates. This has been a quiet please production, for more check out quiet please dot ai.

For more check out https://www.quietperiodplease.com/

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2 weeks ago
3 minutes

Canada Tariff News and Tracker
US Imposes Massive 35% Tariffs on Canadian Goods Citing Drug Interdiction Failures Amid Growing Trade Tensions
Listeners, welcome to Canada Tariff News and Tracker. Today’s headlines focus on the dramatic escalation in the US-Canada trade relationship, following a series of new tariffs announced by President Donald Trump that have sent ripples across the global economy.

As of August 1st, US tariffs on Canadian goods not covered by the CUSMA—Canada-United States-Mexico Agreement—have jumped from 25% to 35%. This increase was formalized in an executive order signed by President Trump, who cited Canada’s supposed failure to curb the flow of illicit drugs across the border as the official reason. The White House stated that the tariff hike addresses the “failure to devote satisfactory resources to arrest, seize, detain, or otherwise intercept drug trafficking organizations” in Canada, even though US Customs and Border Protection data show Canadian fentanyl seizures are vanishingly small compared to those on the southern border, with less than 0.1 percent of America’s total coming from the north, according to the National Post.

For Canadian businesses, these new tariffs are a heavy blow. Global News reports that uncertainty now hangs over exporters, who are facing a level of unpredictability absent even in recent US-Canada disputes. Energy products and potash are set at a lower rate, and goods qualifying under CUSMA remain exempt. However, the general business community is left bracing for the wider impact, especially as trade rules now appear to change at the discretion of the Oval Office. Auto parts, aluminum, steel, and lumber have all been named as sectors taking immediate hits. Higher costs are already trickling down to Canadian producers and American consumers alike.

InternationalTradeComplianceUpdate.com details that under the latest order, any goods “transhipped” to evade the tariffs will face an even higher 40% penalty, signaling that US officials are determined to close every perceived loophole. At the same time, Canada has responded with its own set of retaliatory tariffs on U.S. goods, maintaining an initial 25% rate on $20 billion CAD in American exports and putting any planned increases on hold while negotiations continue.

The underlying tension goes beyond economics. These new tariffs draw on presidential emergency powers under the International Emergency Economic Powers Act (IEEPA). National Post highlights that this method is controversial and is being challenged in US courts, with federal appeals judges openly questioning whether the president even holds such authority. The outcome of these legal battles could overturn the tariffs, or leave Canadian businesses adapting to a new era where policy is reset at a moment’s notice.

Listeners, as the US-Canada trade relationship enters this turbulent phase, the only certainty is uncertainty. Stay tuned for more updates as negotiations, legal challenges, and potential retaliations continue to unfold. Thank you for tuning in—don’t forget to subscribe to keep up with every twist in Canada Tariff News and Tracker.

This has been a quiet please production, for more check out quiet please dot ai.

For more check out https://www.quietperiodplease.com/

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2 weeks ago
3 minutes

Canada Tariff News and Tracker
U.S. Raises Tariffs on Canadian Imports to 35% Amid Trade Tensions and Drug Enforcement Dispute
Listeners, this is your latest update from Canada Tariff News and Tracker for August 1st, 2025.

In a major development, U.S. President Donald Trump has increased tariffs on Canadian imports, raising duties from 25% to 35%, with the new rate now in effect as of today. According to the White House, this decision comes in response to what President Trump describes as Canada’s continued failure to curb the flow of fentanyl and illicit drugs across the northern border. The administration claims Canada has not cooperated adequately in tackling this cross-border health crisis, which Trump addressed under a national emergency declaration earlier this year. Prior to today, the U.S. had imposed a 25% tariff, but after Canada’s alleged inaction—and reported retaliation—Trump signed an executive order to bump the rate to 35% on nearly all Canadian goods.

There is an important exception, though. Goods that qualify for preferential tariff treatment under the United States-Mexico-Canada Agreement, or USMCA, remain exempt from this 35% tariff. However, if products are routed through other countries to evade these tariffs, they will instead be subject to a hefty 40% transshipment duty. This move specifically targets those attempting to skirt the new rules using third-country logistics routes.

Negotiations between Canadian officials and the Trump administration have been intense but ultimately stalled. According to Politico, Canada’s U.S. Trade Minister Dominic LeBlanc and a team including Prime Minister Mark Carney’s new chief of staff, Marc-André Blanchard, were in Washington through the week. Despite marathon talks, by Trump’s Thursday deadline, no deal had been struck to reduce or eliminate the new tariff hike. While U.K., EU, Japan, and South Korea secured agreements with Washington to avoid higher duties, Canada remained outside any such deal as of midnight.

Fox Business reports that Trump’s administration doubled down on its tough stance, demanding Canada end retaliation and make significant moves, particularly around dairy market access and border enforcement, before any softening of the tariffs would even be considered. The White House said these actions are necessary to protect American national security and to push for what President Trump calls “fair, balanced and reciprocal trade.”

Globally, this is part of a broader tariff escalation targeting dozens of countries, but Canada, as a leading U.S. trade partner, faces one of the steepest increases. For Canadian businesses, particularly those not covered by USMCA, the new tariffs are expected to have rapid and dramatic impacts across manufacturing, agriculture, and energy sectors.

Listeners, stay tuned for continued coverage as this story develops, and as Canadian and U.S. industries respond to the reality of 35% tariffs. Thank you for tuning in and don’t forget to subscribe to stay informed. This has been a quiet please production, for more check out quiet please dot ai.

For more check out https://www.quietperiodplease.com/

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2 weeks ago
3 minutes

Canada Tariff News and Tracker
US Canada Trade Tensions Escalate: Potential 35 Percent Tariffs Threaten Economic Stability and Cross Border Commerce
Listeners, here’s the latest on tariffs and the tense trade environment between the US and Canada, as the Trump administration heads toward its all-important August 1 deadline. President Trump has made clear there will be no extension: his administration is prepared to slap new tariffs—potentially as high as 35 percent—on Canadian imports if no trade agreement is reached by tomorrow, reports Politico. Trump has said these tariffs could be adjusted either up or down, with the final call coming after negotiations. The threat of these tariffs has sent shockwaves through cross-border businesses and households.

Global News highlights that Canada is currently grappling with an average effective tariff rate of 6 percent on its exports to the United States, a figure seen as painful but manageable. This rate remains lower than for some other US trade partners thanks to exemptions for goods complying with the Canada-US-Mexico Agreement, or CUSMA. But if a new bilateral deal isn’t reached, Canadian officials warn the rate could skyrocket, worsening economic pain and deepening recession fears.

BMO economist Sal Guatieri told Global News that if the current tariff rate holds, Canada’s economy may recover by year’s end. However, if higher US tariffs kick in, the country risks a more pronounced downturn. RBC economist Claire Fan noted that CUSMA exemptions are a lifeline, making Canadian exporters more competitive relative to those from Europe or Asia.

The Montreal Economic Institute warns that Canada’s counter-tariffs on US goods are also straining families and businesses at home. The average household is projected to pay nearly $550 extra this year, with the overall national cost of these policy moves nearing $9 billion. MEI reports that Canadian government revenues from import duties have risen almost 180 percent compared to last year, as both countries escalate tit-for-tat measures.

Canadian industry is feeling the pressure. According to TD Economics, US tariffs on steel and aluminum more than doubled this year, now sitting at 50 percent, with similar increases announced for copper imports. Canadian auto exports have plunged back to late-2022 levels, and automakers have slashed production to cope with lost US sales and rising costs. Yet there’s a surge of Canadian exports to other markets, including the UK and Japan, as companies look beyond the US for new customers.

Even the hospitality sector is struggling. Adirondack Explorer reports that Canadian border crossings into New York State dropped 21 percent since last June. Local US tourism officials blame both the tariffs and rising tension, with potential job losses and lost revenue for communities reliant on Canadian visitors.

Thanks for tuning in to Canada Tariff News and Tracker. Be sure to subscribe so you don’t miss the latest updates. This has been a quiet please production, for more check out quiet please dot ai.

For more check out https://www.quietperiodplease.com/

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2 weeks ago
3 minutes

Canada Tariff News and Tracker
Canada Faces Massive US Tariff Threat: 35 Percent Duties Loom as Trade Tensions Escalate Between Neighbors
Listeners, this is Canada Tariff News and Tracker with the major headlines and essential context for July 28, 2025.

Canada is just days away from a critical U.S. tariff deadline. President Donald Trump has threatened to impose sweeping 35 percent tariffs on most Canadian exports if no deal is reached with Prime Minister Mark Carney’s government by August 1. This escalation follows a letter sent by Trump earlier this month, warning that unless Canada addresses U.S. concerns over dairy tariffs and border drug flows, the new import duties will go into effect. These penalties come on top of the existing 50 percent tariffs on Canadian steel and aluminum and 25 percent tariffs already hitting automobiles, leaving Canadian sectors facing the highest U.S. tariff rates in decades according to reports from MSCI and The Fulcrum.

According to The Fulcrum, the new blanket 35 percent tariff marks a jump from the previous 25 percent rate, specifically targeting key sectors like autos, steel, and aluminum. The Trump administration claims these measures are necessary, linking the tariff hike not only to U.S. trade complaints but also to fentanyl trafficking issues. Most products compliant with the United States-Mexico-Canada Agreement, or USMCA, are claimed to remain exempt, but the White House has yet to offer clear guidance on which goods will qualify, leaving Canadian businesses in uncertainty just days before possible implementation.

Politico’s Canada Playbook highlights that the unpredictability of U.S. trade strategy, particularly under President Trump, has kept Canadian officials and businesses on edge. Trump has reportedly finalized lighter tariff agreements with the European Union and other major partners while leaving Canada’s status hanging. According to Politico, Canada’s government is still pushing for clarity — and urgently seeking relief for industries already hurt by previous U.S. tariffs, as well as planning for new measures on copper set to take effect in August.

Canadian government responses have included stepping up border inspections and canceling a planned digital services tax to appease Washington’s demands, as reported by CTV News Channel. Ottawa has also introduced countermeasures such as a 25 percent tariff on steel from China and procurement reforms favoring Canadian steel. Meanwhile, patriotic campaigns have surged as prices rise and relations deteriorate, with Canadians urged to support domestic goods in response to the growing trade barriers.

Still, former White House official Larry Haas said on CTV News that Canada must show strength and “not take just any deal.” Trump’s approach to tariffs, he argued, is more about power and leverage than true economic logic. With trade talks set to continue, Haas cautioned that the tariff deadline could still shift, especially if markets react negatively.

Listeners, Canada’s trade relationship with the U.S. is under historic strain, with both economic and political consequences in play. The tariff showdown is testing the resilience of North America’s economic ties and the next few days will be critical for Canadian businesses and workers alike.

Thank you for tuning in to Canada Tariff News and Tracker. Be sure to subscribe for real-time updates as this story develops. This has been a quiet please production, for more check out quiet please dot ai.

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3 weeks ago
3 minutes

Canada Tariff News and Tracker
US Threatens 35 Percent Tariffs on Canadian Goods as Trade Tensions Escalate Ahead of August 1st Deadline
Welcome, listeners, to Canada Tariff News and Tracker. It's July 27th, 2025, and today’s focus is how the US-Canada trade landscape is being shaken by new tariff headlines, legal uncertainty, and shifting political strategy as the Trump administration sets new deadlines and tougher policy stances.

President Donald Trump has grabbed headlines yet again by threatening to impose a sweeping 35 percent tariff on all Canadian goods not covered under the Canada-U.S.-Mexico Agreement, if no new bilateral trade deal is reached by August 1st. This ultimatum, confirmed by both The Canadian Press and CityNews Montreal, comes in the form of a direct warning letter to Prime Minister Mark Carney. Trump’s team claims the tariff is necessary to counter persistent US trade deficits and address so-called national security threats, citing everything from drug trafficking to steel and aluminum imports.

The White House stresses these higher tariffs won’t affect goods compliant with the existing trade agreement—yet Prime Minister Carney is holding firm, telling the press that Canada will not “accept a bad deal simply to reach a trade agreement with the US.” Carney insists that Ottawa will “use all the time that’s necessary” to secure a deal in Canada’s best interest, and has downplayed the prospect of any last-minute breakthrough before the looming deadline.

Meanwhile, the legal basis for Trump’s tariffs is facing strong pushback in the US courts. Eighteen legal briefs from states and small-business groups challenge what they call the administration’s broad interpretation of emergency powers, with legal scholars at the Cato Institute arguing that only Congress—not the president—holds constitutional authority to set tariffs. Even if the appellate court fast-tracks a decision and rules against the tariffs, experts warn duties may not be lifted immediately as numerous lawsuits continue to make their way through the courts.

The copper market is another flashpoint. In July, Trump unveiled a massive 50 percent tariff on imported copper, effective August 1st. With about a quarter of US copper imports coming from Canada, this has sent shockwaves through North American supply chains, driving copper futures up 13 percent and sparking price spikes across manufacturing and construction. Canadian industries are now pivoting quickly, expanding exports to Asia and preparing for $125 billion in retaliatory duties, while major US firms like Ford and Tesla warn of sharply higher material costs if the standoff isn’t resolved.

The US Commerce Department has also just hiked tariffs on Canadian softwood lumber to a new rate of 20.56 percent. The Canadian Council of Forest Industries calls this move punitive and unjustified, while the US Lumber Coalition doubles down, citing alleged dumping in the American market.

All this is unfolding as dairy remains a contentious issue. US dairy groups want Canada to alter how quotas are managed, even as imports from the US have quadrupled since the USMCA took effect. Despite the heated rhetoric, both countries have shown an ability to use trade as a flexible policy lever, and industries on both sides remain hopeful for resolution.

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3 weeks ago
3 minutes

Canada Tariff News and Tracker
US Imposes Steep Tariffs on Canadian Imports Amid Trade Tensions, Threatening Economic Stability and Cross-Border Commerce
Listeners, welcome to Canada Tariff News and Tracker. It’s Friday, July 25, 2025, and we’re bringing you the latest on U.S. tariffs, President Trump’s evolving trade strategy, and how it all affects Canada.

At the center of the news this week is President Trump’s “America First Trade Policy.” On his first day back in office, Trump announced sweeping tariffs of 25 percent on all imports from Canada and Mexico, implemented on February 4—with no exemption even for products that qualify under the USMCA trade deal, which was originally intended to prevent exactly these types of disruptions. Trump described these measures as justified by a national emergency tied to illegal migration and fentanyl supply chains, calling for the tariffs to remain until both Canada and Mexico take what he deems “sufficient action” to address these crises, according to BDO’s tariff policy coverage.

The White House has since raised the stakes. Trump’s latest letter to Canadian Prime Minister Mark Carney threatened tariffs as high as 35 percent on certain Canadian exports, set to kick in on August 1 if a new agreement can’t be struck. However, White House officials have stated that goods compliant with the Canada-U.S.-Mexico Agreement could still avoid some of these new tariffs, as reported by CTV News.

While all eyes are on that deadline, Canada’s steel, aluminum, auto, lumber, copper, and energy exports are all feeling the crunch. The National Post reports Canadian steel has already been facing 50 percent U.S. tariffs since June, a drastic jump up from the original 25 percent level. The Canadian Steel Producers Association says production dropped 30 percent countrywide even before the latest increase. With the American market accounting for 90 percent of Canadian steel exports, the new tariffs are hitting industry hard.

Canadian officials are in Washington trying to resolve the crisis, but the chances of a deal by the deadline appear slim. Dominic LeBlanc, Canada’s trade minister, said negotiations are ongoing but complex, and the government will not accept any deal that does not protect Canadian workers and the economy. Canada’s ambassador to the U.S., Kirsten Hillman, confirmed that Ottawa won’t rush just to meet the deadline, echoing Prime Minister Carney’s call to hold out for a “right deal,” according to the CBC.

On Capitol Hill, bipartisan resistance to Trump’s blanket tariffs is growing. Senator Tim Kaine and colleagues have introduced the CANADA Act, a bill aiming to exempt U.S.-owned small businesses from these tariffs. Lawmakers from both sides argue the tariffs have supercharged costs, threatened jobs, and driven up consumer prices. Senator Peter Welch of Vermont, whose state heavily depends on trade with Canada, stresses that protecting Main Street businesses from the “chaotic” impact of Trump’s trade wars is critical, as detailed in VermontBiz.

While negotiations continue with American lawmakers, Canadian officials say most Canadian exports may dodge the harshest new tariffs as long as they remain compliant with USMCA rules, though much remains uncertain. As both sides dig in with their demands, it’s clear that the U.S.-Canada trade relationship faces one of its most turbulent chapters in years.

Thank you for tuning in to Canada Tariff News and Tracker. Don’t forget to subscribe for weekly updates on all the latest tariff news and trade developments. This has been a Quiet Please production, for more check out quietplease dot ai.

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3 weeks ago
3 minutes

Canada Tariff News and Tracker
US-Canada Trade Tensions Escalate: Trump Threatens 35% Tariffs on Canadian Imports Amid Stalled Negotiations
Listeners, this is your July 23, 2025 edition of Canada Tariff News and Tracker. The latest headlines are focused on high-stakes trade negotiations between the United States and Canada, as President Donald Trump’s administration signals a significant escalation in tariffs if a deal isn’t reached soon. According to Politico, Canadian negotiators, including Canada-U.S. Trade Minister Dominic LeBlanc, are currently in Washington trying to strike a deal before August 1. President Trump has warned that if negotiations fail, the U.S. will impose a 35 percent tariff on Canadian imports, specifically targeting goods that don’t comply with the United-States-Mexico-Canada Agreement. Ontario Premier Doug Ford described Trump as “very, very hard” to deal with, noting the unpredictability in his tariff announcements and positions.

Fox Business reports that since early 2025, the Trump administration put in place a series of tariffs, with a baseline 25 percent rate on imports from Canada and Mexico enacted in March. These measures were temporarily paused, but the White House continues to insist that if “Canada remains difficult” in negotiations, the 35 percent tariff will be enforced after the deadline. Holland & Knight highlights that these moves were taken under the International Emergency Economic Powers Act, establishing a 10 percent baseline tariff that jumps to 35 percent for Canada, citing long-standing disputes over agriculture and insufficient action on cross-border fentanyl. Trade tensions continue to cast uncertainty over key industries, with steel, aluminum, automotive, and lumber especially in focus.

Canadian premiers, including from Nova Scotia and New Brunswick, say they want a “good deal, not a fast deal,” as they develop strategies to soften the economic hit on their provinces. They’re emphasizing big infrastructure projects and the idea to “buy Canadian” as ways to counter possible U.S. tariffs. Yet, despite hopes for an agreement, few are willing to predict a quick breakthrough, with both sides digging in on key sticking points.

The impact of these tariffs could ripple across the border, not just in trade statistics but in daily life. According to a report covered by CTV News and NBC Palm Springs, new or increased tariffs on Canadian lumber and construction materials could add as much as $14,000 to the cost of building a home in the United States by 2027. The National Association of Home Builders and the Canadian Chamber of Commerce are both warning that these costs could slow construction and further worsen housing affordability.

As we keep an eye on unfolding negotiations, listeners can expect fast-moving developments in the coming days and weeks. If the deadline passes without a deal, the Trump administration appears poised to hit Canadian imports with one of the highest tariffs in recent memory, further testing the resilience of the cross-border economic partnership.

Thank you for tuning in to Canada Tariff News and Tracker. Be sure to subscribe so you never miss an update. This has been a Quiet Please production, for more check out quietplease dot ai.

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3 weeks ago
3 minutes

Canada Tariff News and Tracker
Canada Faces Steep US Tariffs Across Multiple Industries as Trade Tensions Escalate with Potential 35% Import Blanket Tax
Listeners, today on “Canada Tariff News and Tracker,” the headlines remain locked on the escalating tariff tensions between the United States and Canada, largely driven by President Trump’s aggressive trade policies. Over the last few months, Trump’s administration has rolled out a series of steep tariffs directly targeting core Canadian exports, and these moves are now reverberating through industries on both sides of the border.

Starting with aluminum, a key sector for the Canadian economy, the situation has become dramatically more challenging. Discovery Alert recently reported that the Trump administration doubled tariffs on Canadian aluminum exports to the U.S. — jumping from 25% in March 2025 to a staggering 50% by June. Alcoa, a major U.S.-based producer with significant operations in Quebec, declared $115 million in additional tariff costs in just the second quarter of this year alone. CEO Bill Oplinger confirmed that “the profitability of Quebec is severely impacted,” leading to all growth projects in the Canadian province being paused. The ripple effect means roughly 40% of Alcoa’s Quebec aluminum may now be diverted away from the U.S., while the remainder is exposed to these steep tariffs or forced into complex supply chain shifts. Rio Tinto, another industry heavyweight, is feeling the crunch as well, tallying over $300 million in similar costs and implementing a hiring freeze in its Quebec operations.

The turmoil doesn’t stop at aluminum. According to Business Insider, President Trump has also imposed 50% tariffs on steel, 25% tariffs on cars, and 10% on potash and energy imports from Canada. Copper will see a 50% tariff come August, and in his latest move, Trump has threatened a 35% blanket tariff on all Canadian imports, blaming retaliatory measures from Canada. While these announcements often shift with Trump’s evolving strategy, his administration has sent formal warnings: unless a new trade deal is agreed by August 1, these tariffs will remain and possibly intensify.

Canadian officials are acutely aware of the looming August 1 deadline. As AInvest notes, the Canadian government has announced a conditional revision to its own 25% tariffs on U.S. steel and aluminum imports if talks fail. The standoff has driven Prime Minister Mark Carney and his cabinet into urgent negotiations, while at the same time pushing Canada to accelerate trade diversification — including exploring new agreements with the Mercosur bloc and other global partners.

On the forestry front, National Post highlights how Trump is backing U.S. demands for new tariffs and quotas on Canadian softwood lumber, threatening to use trade measures to slice Canada’s current market share in half over three years. The U.S. Lumber Coalition is pressing for a tariff floor of 15–20%, setting the stage for a prolonged dispute affecting tens of thousands of Canadian jobs.

With the next round of tariffs set for August and no deal in sight, the pressure is mounting. Investors are watching currency markets closely, but so far, the Canadian dollar has shown resilience. Canadian premiers are gathering in Ontario to strategize, with a focus on defending core industries and expanding trade partners beyond the U.S.

Listeners, the coming weeks are critical as the Trump administration’s tariff strategy approaches its hard deadline. We’ll be tracking every update and impact as they unfold. Thanks for tuning in to “Canada Tariff News and Tracker.” Don’t forget to subscribe so you never miss an episode. This has been a quiet please production, for more check out quiet please dot ai.

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4 weeks ago
3 minutes

Canada Tariff News and Tracker
Trump Escalates Trade War with Canada Hiking Tariffs to 35 Percent Amid Ongoing USMCA Negotiations
Listeners, today on Canada Tariff News and Tracker, the biggest headline is President Donald Trump’s decision to dramatically increase tariffs on Canadian imports. According to reporting from TBS News, the current tariff rate on Canadian goods will be hiked to 35% starting August 1, up from the previous 25% rate. Trump announced this move in a direct letter to Prime Minister Mark Carney, warning that these tariffs could go up even further if Canada retaliates. In the same communication, Trump called out Canada for what he claims is a lack of action on fentanyl crossing the border, and he criticized Canadian trade barriers that have hit American dairy farmers and other sectors. He cited the trade deficit as a threat to U.S. economic and national security, and even hinted that cooperation on stopping drug flow might bring about “an adjustment” to these new tariffs.

Canadian Prime Minister Mark Carney responded on social media, saying his government remains committed to defending Canadian workers and businesses, while stressing that Canada has already taken steps to strengthen the border and combat fentanyl trafficking. Strikingly, much of the ongoing Canada-U.S. trade—including goods covered by the USMCA agreement—are not currently subject to these blanket tariffs, and existing 10% tariffs on energy and fertilizer remain unchanged, according to U.S. administration officials. However, the auto sector, steel, aluminum, and softwood lumber are again at the heart of the dispute.

The timing is especially tense. Global News reports that Prime Minister Carney and President Trump had set a July 21 goal to reach a new trade agreement, but Trump recently pushed that deadline to August 1—the very same day the 35% tariff kicks in. Canada’s premiers are now huddling in Ontario for a high-level summit on how best to respond. Trade and tariffs are dominating their agenda, as provinces look to defend key industries like Ontario’s automotive sector and British Columbia’s vital softwood lumber.

The impact on Canadian businesses is immediate and severe. According to a new study highlighted by the London Free Press, Ontario’s small-and-medium-sized auto suppliers have already been forced to cancel or freeze $2.9 billion in investments since Trump’s tariff campaign heated up. Business confidence is at a record low, even worse than during previous global crises, with many firms reporting lost sales, increased costs, and delays at the border. Canada’s own retaliatory sentiment is intensifying, with CNBC documenting a surge in “Buy Canada” campaigns and a sharp drop in Canadians journeying to the U.S., a trend that could cost the American economy tens of billions in 2025.

As talks continue and deadlines loom, it is clear that tariffs, Trump, and uncertainty are keeping Canadians up at night. That’s everything for today’s episode. Thank you for tuning in—be sure to subscribe for continuing updates on the U.S.-Canada tariff battle. This has been a quiet please production, for more check out quiet please dot ai.

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1 month ago
3 minutes

Canada Tariff News and Tracker
US Imposes Massive 35 Percent Tariffs on Canadian Imports Amid Escalating Trade Tensions with Trump Administration
Listeners, it’s Friday, July 18th, 2025, and here are the latest developments in Canada-US tariff news. In one of the most significant moves in modern North American trade, President Donald Trump announced that starting August 1, the United States will impose a 35 percent tariff on many goods imported from Canada. This marks a dramatic escalation from the previous 25 percent rate and has already sent shockwaves through the cross-border business community. According to Baker Botts, Trump conveyed the decision in a letter to Canadian Prime Minister Mark Carney and made similar announcements to Mexico and the European Union. Administration officials have clarified that the 35 percent tariff is expected to apply primarily to goods that do not comply with the terms of the United States-Mexico-Canada Agreement, or USMCA. While there is still uncertainty about how broadly the new rates will apply, goods not meeting USMCA standards are squarely in the crosshairs.

The Trump administration justifies these moves as necessary to protect American jobs and industries. The White House has publicly called Canada “difficult to deal with,” according to Fox Business, and is using the tariffs as leverage in ongoing trade negotiations. Last year, bilateral trade totaled more than $762 billion, with Canada exporting over 75 percent of its products to the US. The president’s team insists that these measures are part of a broader strategy targeting other major partners—Mexico and the EU face their own 30 percent tariffs, and earlier this month Trump set a 50 percent tariff on imported copper.

It's important to note that while the 35 percent tariff is drawing headlines, some commodities, such as Canadian energy and potash, are reportedly exempt and remain at lower tariff rates, though there hasn’t been consistent official guidance on which products are affected. Livingston International and several trade experts highlight the ongoing uncertainty for businesses who need to plan shipments across the border as policy details remain thin.

These tariff hikes are already prompting seismic shifts. Fitch Ratings reports that the US effective tariff rate is set to jump to 19.4 percent from 14.1 percent once the measures come into force. In Ottawa, officials acknowledge that Canadian companies are over-exposed to the US market, with May’s export levels to the US dropping to 68 percent of total exports—a record low—as Canadian businesses push to diversify trading partners. Reuters reports that Canadian trade officials are urgently seeking new agreements with countries like those in the Mercosur bloc and with Asian partners, in an attempt to buffer the economic impact.

Prime Minister Carney admitted this week that the prospects for a new free trade deal with the US are increasingly unlikely given the current climate. Meanwhile, companies on both sides of the border face a challenging month ahead as they brace for the tariffs to take full effect.

Thank you for tuning in to Canada Tariff News and Tracker. Don’t forget to subscribe for the latest updates. This has been a Quiet Please production, for more check out quiet please dot ai.

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1 month ago
3 minutes

Canada Tariff News and Tracker
US Imposes 35% Tariff on Canadian Imports Citing Trade Disputes Amid Escalating Tensions with Canada
Listeners, welcome to Canada Tariff News and Tracker.

The big story today is the looming escalation in trade tensions between the United States and Canada. President Donald Trump has announced that, starting August 1, the U.S. will impose a 35% tariff on a wide range of Canadian imports. This is a significant jump from the previous 25% tariff implemented in March and marks a major change in the Canada-U.S. trading relationship, which has long relied on the United States-Mexico-Canada Agreement, or USMCA, for near duty-free trade, as reported by ASBN and the SEMA Washington, D.C., office.

In a formal letter to Canadian Prime Minister Mark Carney, Trump cited unresolved disputes over fentanyl trafficking, Canada’s trade policies, and the trade deficit as reasons for the new policy. Trump’s administration emphasized that the 35% tariff will primarily target Canadian goods that do not meet USMCA rules of origin. Goods that comply with USMCA standards—like many Canadian vehicles and parts—will continue to be exempt from these new rates for now. Still, the scope of what will be hit has not been finalized, and some ambiguity remains.

Prime Minister Carney, who was elected in April on a platform fiercely defending Canada’s interests, has underscored his government’s commitment to supporting Canadian businesses and workers and called for a more diversified trade strategy, particularly closer ties with the EU and UK. Carney recently said it’s unlikely any new U.S. trade deal will be free of tariffs while also noting the damage recent U.S. sectoral tariffs have caused to Canadian industries, especially metals and auto parts, as covered by CBC and Politico.

Retaliation had been on the table, with Canada threatening on July 21 to double its steel and aluminum tariffs on American products after the U.S. hiked its own duties to 50%. However, Canadian officials have walked that back for now, opting to reassess amid the ongoing fallout and negotiations, with the new U.S. tariff deadline approaching.

This aggressive tariff strategy is already rattling markets. ASBN reports that U.S. stock indices, which saw gains earlier in the week, slipped after Trump’s announcement. Small businesses and exporters on both sides of the border are now bracing for higher costs and more uncertainty, just as North American supply chains had begun to recover from previous rounds of tariffs.

As it stands, the U.S. continues to use tariffs as both an economic and diplomatic tool. Trump maintains that these measures force negotiating partners to the table. For Canadian exporters, the message is clear: compliance with USMCA is more critical than ever, and any shift in that landscape could have major financial consequences.

Thank you for tuning in to Canada Tariff News and Tracker. Don’t forget to subscribe for the latest updates on cross-border trade and tariffs. This has been a quiet please production, for more check out quiet please dot ai.

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1 month ago
2 minutes

Canada Tariff News and Tracker
Trump Escalates Trade Tensions with Massive 35 Percent Tariff on Canadian Imports Ahead of USMCA Deadline
Listeners, welcome to Canada Tariff News and Tracker. Major developments today in the cross-border economic relationship, as President Donald Trump has announced a dramatic increase in tariffs on Canadian imports. Starting August 1, Trump will impose a 35% tariff on Canadian goods entering the United States, up from the current 25%. This move comes just days before a previously set deadline for both countries to finalize a new trade agreement. According to RegFollower and coverage from OFI Magazine, this latest round of tariffs follows weeks of tense negotiations that have yet to yield a comprehensive deal.

Energy products and potash from Canada will continue to face a much lower rate of 10%, and goods that fall under the US-Mexico-Canada Agreement, or USMCA, are expected to remain exempt—at least for now. However, uncertainty clouds even these exemptions, as Trump has not provided final confirmation. American Ag Network reports that dairy remains a particularly contentious issue. Trump has sharply criticized Canada’s dairy tariff-rate quotas, arguing that they restrict access for U.S. dairy producers, leaving quotas unfilled and sparking disputes at the international level.

Canadian Affairs News highlights the political pressure facing Canadian Prime Minister Mark Carney, who took office earlier this year pledging to stand up to Trump and protect Canadian jobs. Despite two meetings between Carney and Trump—one of them at the latest Group of Seven summit—hopes for a breakthrough have repeatedly been dashed by Trump’s sudden policy reversals. Just last month, trade talks were abruptly suspended when Canada introduced a digital services tax affecting U.S. tech companies, a measure it then scrapped to bring the U.S. back to the table. Now, with the 35% tariff set to take effect, Canada finds itself once again scrambling to respond.

The abrupt tariff hike is part of a broader wave of trade actions announced by Trump’s administration. Similar increases are aimed at Mexico and the European Union, while baseline tariffs on most imports could jump from 10% to as much as 20%, according to the Daily Press and a recent interview with NBC News.

Yale’s Budget Lab notes that the overall U.S. average effective tariff rate is poised to reach 20.6% as of August 1, the highest level since 1910. Analysts warn that these tariffs could increase consumer prices across the board, raising the average household cost by nearly $2,800 this year.

As Canada and the U.S. race to hammer out a new trade deal before the July 21 deadline, the stakes for Canadian exporters, manufacturers, and workers could not be higher. Thank you for tuning in to Canada Tariff News and Tracker. Don’t forget to subscribe for the latest updates on the U.S.-Canada trade dynamic. This has been a quiet please production, for more check out quiet please dot ai.

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1 month ago
3 minutes

Canada Tariff News and Tracker
Trump Announces Massive 35 Percent Tariff on Canadian Imports Amid Escalating Trade Tensions and Protectionist Measures
Listeners, welcome to Canada Tariff News and Tracker. Major developments are unfolding in the Canada-U.S. trade relationship, with direct consequences for Canadian exporters and businesses.

According to reporting from the Times of India, U.S. President Donald Trump has made headlines this week by officially announcing a 35 percent tariff on Canadian products imported into the United States, effective August 1, 2025. This is a significant escalation, building upon the 25 percent duties first implemented back in March. Trump’s administration states that these sharp tariff increases are a response to what the U.S. claims is Canada’s insufficient action to curb fentanyl smuggling, even though U.S. government data shows only a tiny fraction of fentanyl seizures actually happen at the northern border compared to the amounts coming in from Mexico.

In his letter to Canadian Prime Minister Mark Carney, Trump warned that if Ottawa responds with new or increased tariffs of its own, he will match those measures by adding them directly to the new 35 percent rate. However, he also indicated that Canadian companies could avoid the tariffs altogether if they move production into the United States, promising swift approval processes for any such relocations. Trump emphasized that these tariffs are separate from all existing sectoral tariffs and that any company or country seeking exemptions must negotiate directly with the United States.

Multiple sources, including 620 CKRM and Investopedia, confirm that the 35 percent rate is primarily expected to apply to goods already subject to a 25 percent import tax, with exemptions for some products that are compliant with the Canada-U.S.-Mexico Agreement, known as CUSMA, as well as certain energy and potash imports, which currently face a lower 10 percent rate. On top of these new tariffs, Canadian exporters continue to face additional U.S. duties on steel, aluminum, and automobiles, with a plan to introduce new copper tariffs also scheduled for August 1.

Prime Minister Carney has responded by vowing to steadfastly defend Canadian workers and industries. He’s convening meetings with his cabinet and all Canadian premiers to coordinate a unified response and to prepare for continued negotiations with the United States up to and possibly beyond the new August 1 deadline. Carney has also worked to strengthen Canada’s international trade ties, notably meeting with UK Prime Minister Keir Starmer, in an effort to reduce Canada’s economic dependence on its southern neighbor.

The context of these new tariffs is a larger wave of protectionist measures from the Trump administration. The Times of India and Investopedia both report that letters threatening tariffs between 20 and 50 percent have gone to 23 different U.S. trading partners in just the past week, including Canada, Mexico, Japan, and the European Union. Despite backlash from allies and unsettled markets, Trump appears undeterred, leveraging the strength of the U.S. economy and ongoing trade negotiations as justification for his aggressive stance.

Listeners, these developments could have immediate and long-term implications for Canadian exporters, supply chains, and consumers. Stay tuned for breaking news as Ottawa finalizes its strategy and as August 1 approaches.

Thank you for tuning in to Canada Tariff News and Tracker. Don’t forget to subscribe for the latest updates and in-depth coverage of tariffs and trade policy. This has been a quiet please production, for more check out quiet please dot ai.

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1 month ago
3 minutes

Canada Tariff News and Tracker
This is your Canada Tariff Tracker podcast.

Canada Tariff Tracker is your go-to daily podcast for the latest news and insights on tariffs affecting Canada due to US policies. Stay informed with in-depth analysis and expert commentary on how these economic measures impact Canadian businesses and consumers. Whether you're a policymaker, business owner, or simply curious about international trade dynamics, Canada Tariff Tracker keeps you up to date with accurate and timely information. Tune in every day to understand the evolving trade landscape between Canada and the United States, and how new tariff developments could influence your decisions. Keep your finger on the pulse with Canada Tariff Tracker, where trade news meets clarity.

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