Tariffs News Updates

Most of the vehicles Canada produces are exported to the U.S., but the trade war and the lack of a new product earmarked for the factory have clouded its future.

Canada canceled planned tariffs on about C$1.1 billion of American fish and seafood products, a break for Maine and Alaska, both major fish exporters.

Lean beef trimmings will be temporarily exempted from a higher tariff rate if they exceed a pre-set quota. The duty relief will last for 90 days, and is limited to 100,000 tons per month.

U.S. Trade Representative Jamieson Greer said he was clear that medium- and heavy-duty trucks would be excluded from tariff relief, as officials sparred over which side was responsible for the failure of the talks. 

The U.S. and Canada should stop targeting each other with aluminum tariffs, according to industry groups, and instead forge a common front against China.

Loblaw, the largest Canadian-owned grocery chain, is bringing back signs that shoppers used in 2025 to avoid U.S. products as they protested tariffs from President Trump.

Despite the bravado coming from both sides of the border, analysts suspect the longtime allies will eventually strike a deal to end a conflict neither really wants.

Trump threatened new 50% tariffs on Canadian vehicles, auto parts and steel, while Carney said U.S. trade demands showed Washington wanted to “destroy our major industries.” 

Mexico's top trade negotiator will remain in Washington for several days as he seeks to lower 50% U.S. tariffs on Mexican steel and aluminum, and 25% duties on automobiles.

The latest tariff threat comes after negotiations between the U.S. and Canada broke down Aug. 21, which led to a 50% levy on billions of dollars worth of Canadian goods to take effect.