Trump’s new tariffs will be ‘a crack in the CUSMA shield,’ industry groups warn
Why This Matters
These proposed tariffs on Canadian exports, valued at nearly $28 billion annually, signal a potential weakening of the CUSMA trade agreement and could significantly escalate bilateral trade tensions. The move threatens to impose higher costs on businesses and consumers, disrupting established supply chains between the two close allies.
If the new 50 per cent tariffs go into effect, they would impact nearly $28 billion in annual Canadian exports to the U.S., according to Canadian Exporters and Manufacturers.
Curation & Context
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