Carney said the commitment of the U.S. to the core of USMCA means the U.S. average tariff rate on Canadian goods remains one ...

President Trump said he spoke to Canadian Prime Minister Mark Carney, who told him he would remove some of the retaliatory ...

TORONTO: Canada is dropping retaliatory tariffs to match US tariff exemptions for goods covered under the United ...

Murphy ventured that the 35 percent tariff could be leveraged for future trade negotiations as USMCA reauthorization looms. “There is a theory that, really, the trade battle with Canada is coming.

Not so fast. The USMCA may be doomed. It is up for review in mid-2026 and the talks may not go in favour of Canada or Mexico. Also, the review date doesn’t mean much.

Canada's steel, aluminum and auto sectors are particularly hard hit as they face separate tariffs between 25% and 50%. Adding to the uncertainty, USMCA is up for renegotiation next year.

Under the United States-Mexico-Canada free trade pact (USMCA), which the Trump administration has confirmed remains in place, Canada and Mexico can export chocolate to the U.S. tariff-free no ...

TORONTO — U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing ...

TORONTO (AP) — U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing ...