Jul. 31 at 11:18 PM
White House: In response to Canada's continued inaction & retaliation, President Trump has found it necessary to increase the tariff on Canada from 25% to 35% to effectively address the existing emergency
Dig Deeper….
Impact is limited b/c over 98% of Canadian goods entering the US are covered by the USMCA, which exempts compliant goods from these tariffs.
A US admin official confirmed that the 35% tariff likely applies only to non-USMCA-compliant goods, currently tariffed at 25%, while energy & potash remain at a lower 10% rate. Sector-specific tariffs (e.g., 50% on steel/aluminum, 25% on autos) are separate & unaffected.
$EWC $FXC -
$SPY $CARZ $UUP