Listeners, today’s top story is the unprecedented escalation of US-Canada trade tensions and tariffs under the second Trump administration. Since January, President Trump has driven US tariffs to historic highs, with average applied rates surging from 2.5% up to 27%, before moderating to about 17.9% as of September. Canada, as America’s largest supplier of aluminum and major source for steel, lumber, and autos, has been at the epicenter of this trade upheaval.

As of September, US tariff revenue topped $30 billion monthly, more than triple last year’s pace. Trump’s use of Section 232 authority led to a sweeping 50% duty on all steel, aluminum, and copper imports, and a 25% tariff on automobiles and auto parts. These tariffs explicitly targeted Canada, resulting in a “trade war” response from Ottawa. In March, Canada announced retaliatory 25% tariffs on $20 billion US goods, later expanding to $85 billion worth. Prime Minister Mark Carney’s government also added a 25% duty on US-made vehicles failing USMCA standards. According to the Wall Street Journal, these policies have shaken the US-Canada relationship, reversing decades of free trade and deeply impacting North American supply chains.

For listeners following auto industry news, the USMCA exemption was briefly extended but closed in April, meaning virtually all cars and auto parts from Canada now face a 25% tariff unless they are proven USMCA-compliant. This sent a shockwave through both countries’ car factories and led to layoffs and factory shutdowns. Stellantis, for example, closed Canadian plants and let go of hundreds of US employees as it reevaluated supply lines.

On the lumber front, the US Commerce Department announced a new 10% tariff on all timber and lumber imports, effective October 14. This comes on top of an existing 35% tariff on Canadian lumber, bringing the total to 45%. Marketplace reports more than 80% of imported US softwood lumber comes from Canada, meaning American builders and homeowners are already feeling the impact in higher prices for homes and renovations. The tariffs on furniture and kitchen cabinets imported from Canada will rise even further to 30% and 50% early next year, according to the National Association of Home Builders.

Trump’s relentless push for “reciprocal tariffs” and national security protection has sparked criticism from industry, economists, and political leaders on both sides of the border. Ford’s CEO warned these rates would “blow a hole in the US industry,” while Canadian officials have called the measures “punitive and unprecedented.” Despite some recent negotiations and exemptions for USMCA-compliant goods, tensions remain high, and the impact is already evident in construction, manufacturing, and retail prices.

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Listeners, as of September 29th, 2025, the biggest headline dominating tariff news between the U.S., Donald Trump, and Canada is Trump’s expansion of his aggressive tariff strategy, shaking up trade corridors and supply chains in ways unseen since the 1930s. The Trump administration this year imposed a blanket 25% tariff on imports from Canada and Mexico—marking a historic break from the spirit of free trade embodied in agreements like USMCA, as covered by a GEP analysis and reporting from AInvest and multiple economic think tanks.

The new tariffs, rushed through using the International Emergency Economic Powers Act, have hit critical sectors especially hard. Automotive manufacturing has been slammed, with the likes of Toyota and Honda facing billions in extra costs. Steel, aluminum, and key manufacturing components are among the casualties, and cross-border e-commerce has grown far more expensive as the de minimis exemption for low-value Canadian imports is gone. The Farmonaut analysis highlights that the cost of goods like aluminum hydroxide and resin has surged, putting further pressure on manufacturers.

In response, the Canadian government slapped retaliatory tariffs of 25% on $100 billion worth of U.S. exports, escalating trade tensions and disrupting established supply networks. Air freight rates have dropped as global companies scramble to find cost-effective routes that avoid new tariffs. The Canadian economy, according to Canadian Mortgage Trends, is limping toward recovery, repeatedly “bruised by tariffs,” with its export sector in a slow rebound.

On the ground, Canadian consumer behavior has shifted noticeably. AdExchanger reports pronounced boycotts of U.S. goods, with products such as Florida orange juice and Kentucky bourbon disappearing from Canadian shelves. Canadian media and national advertising campaigns have leaned more toward “national pride,” directly responding to trade friction. Meanwhile, car travel from Canada into the U.S. fell by 34% last month compared to a year ago.

For Canadian exporters, the reality is stark: the average U.S. tariff on Canadian goods, previously under 5%, has leapt to 25%, in line with new Trump policies. The Financial Post highlights that these levels are the highest since the 1930s, and trade policy experts doubt any U.S. president—regardless of party—will voluntarily surrender such sweeping tariff powers in the foreseeable future.

Executive Order 14257, signed by Trump on September 5th, further broadened the president’s reach, and there are threats of new Section 301 investigations targeting Canadian sectors, keeping the policy direction volatile. With outright recession seemingly dodged for now, Canada is still adjusting to a post-free-trade reality where aligning with U.S. priorities may be the only strategy left.

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Listeners, today’s biggest story in cross-border trade is the sudden escalation of tariffs between the United States and Canada. This week, President Donald Trump announced a major hike in tariffs on certain Canadian imports, effective immediately. According to The Daily Star and official White House statements, the tariff rate on these Canadian goods has jumped from 25 percent up to a steep 35 percent. Notably, products covered under the United States-Mexico-Canada Agreement—like many agricultural and automotive items—are exempt from these new measures, but a swath of other sectors will be affected.

The increased tariffs come in direct response to diplomatic friction. After Prime Minister Mark Carney’s recent move to recognize Palestinian statehood at the United Nations, President Trump took swift action, warning on social media that Canada’s policy shift would jeopardize ongoing trade relations and potential trade deals. There is no waiting period for these new U.S. tariffs on Canada—they kicked in on Friday, impacting any non-exempt Canadian goods entering the American market right away.

Business leaders in Canada are voicing their concerns. Daniel Johnson with CityNews Vancouver reports that these tariffs are already shaping expectations for Prime Minister Carney’s upcoming federal budget. The Canadian government is under pressure to offset the blow delivered by Trump’s latest protectionist measures, as the country braces for a swelling federal deficit now projected at $68.5 billion—up sharply from last year. Many in the business community are urging the government to provide not just support for affected industries, but also long-term policies that attract investment and reduce economic uncertainty at a time of rising trade barriers.

On the consumer and broader economic front, the ongoing escalation of tariffs is raising prices for imported goods. A recent post from deeded.ca points out that if Canada retaliates in kind—a likely scenario—the cost of U.S. goods in Canada could climb steeply. With Canada importing about half of its goods from the United States, from groceries and machinery to vehicles and household products, everyday Canadians are already feeling the pinch. Higher tariffs mean higher inflation, and that’s leading to predictions of rising interest rates, increased mortgage and loan costs, and a cooling of the Canadian real estate market as consumer spending tightens.

Meanwhile, some sectors like raw materials remain less affected. The Centre for Future Work notes that U.S. tariffs remain lower on Canadian energy and potash, as well as CUSMA-covered goods, reflecting a targeted rather than blanket approach to tariff policy.

For industries and households on both sides of the border, the trade environment remains in flux. As always, we’ll track developments and keep you updated on what this means for Canadian businesses, families, and the overall economy.

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Welcome to Canada Tariff News and Tracker. Today is September 26, 2025, and there have been significant developments in U.S.-Canada trade relations, particularly surrounding tariffs and ongoing tensions tied to former President Trump’s trade policies.

The monetary headlines today revolve around the escalating disputes over tariffs between the United States and Canada, with recent U.S. measures catching the attention of business leaders on both sides of the border. According to the National Post, this year the White House has imposed a 35 percent tariff on Canadian exports that do not comply with the Canada-United States-Mexico Agreement, or CUSMA. For many Canadian products, especially in the steel and aluminum sectors, these tariffs have reached as high as 50 percent, utilizing what are called Section 232 tariffs under the premise of safeguarding U.S. national security. Trade experts say that more sectors—including semiconductors, pharmaceuticals, lumber, commercial aircraft, and jet engines—may soon face similar U.S. investigations or new tariffs, undermining the stability and certainty that CUSMA was intended to provide.

This hardline approach reflects former President Trump’s ongoing rationale that the United States is being taken advantage of by trading partners and justifies high tariffs as protection for American workers and businesses. Trump has also expressed frustration over Canadian policies like supply management in agriculture, particularly dairy, eggs, and poultry. Reason Magazine’s commentary notes that Canadian supply management is now written into law, further restricting imports and limiting access for U.S. producers. Trump recently targeted Canada’s attempt to introduce a digital services tax affecting U.S. tech firms, threatening to halt all trade discussions with Canada unless the tax was rescinded. The threat worked—Canada withdrew the tax before it took effect.

All of this is happening alongside preparations for the formal CUSMA review, set for next year. Both Canada and Mexico are said to be launching internal consultations to gear up for what many believe will be contentious negotiations. Specialists cited by the National Post expect Washington to make demands for stricter rules of origin on auto manufacturing and more restrictions on Chinese investment.

Meanwhile, Canadian analysts and economists are warning about the cost of these ongoing tariffs and trade barriers. According to Fraser Institute research quoted in Reason Magazine, Canada’s supply management regime costs the average Canadian household hundreds of dollars a year, restricting choice and raising prices. With tit-for-tat measures and unpredictable tariffs, both U.S. and Canadian consumers are left paying the price.

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Listeners, it’s September 24th, 2025, and you’re tuned in to Canada Tariff News and Tracker, your source for the latest headlines and analysis on tariffs impacting Canada, with a special focus on US and Trump administration policy.

In the latest wave of tariff news, the United States under President Donald Trump has kept tariffs squarely in the spotlight. As of June 2025, the average effective US tariff rate hit a peak of 21.1%, according to reporting from The Business Standard. Imports to the US dropped by 5.8% year-over-year in that month, a sign of the real economic impact as tariffs bite into cross-border trade.

Canada remains in sharp focus for US policy. President Trump’s administration this year announced a set of sweeping new tariffs ranging from 10% to 50% on several major US trading partners, including Canada. This move was positioned as a way to tackle the US trade deficit and address concerns like drug trafficking. The White House submitted a Supreme Court filing just days ago, asserting that President Trump possesses both statutory and constitutional authority to impose these broad tariffs using emergency laws like the International Emergency Economic Powers Act, even without congressional approval. If the Supreme Court upholds that view, it could strengthen executive powers significantly and reshape the tariff landscape for the long term, with Canada a chief partner in the crosshairs. This legal debate is drawing attention across industries that rely on predictable US-Canada trade.

In practical terms, listeners, the Trump administration temporarily lifted some Canadian tariffs recently, but challenges continue. The CPA Practice Advisor reports that US consumers now face an overall average effective tariff rate of 17.4%. Tariffs on Canadian steel and aluminum products remain notably high after earlier increases to 25%, and most previous exemptions for Western nations—including Canada—were scrapped. This has hit sectors such as auto manufacturing, building materials, and consumer goods particularly hard, as reported by Fisher Investments.

Developers, manufacturers, and exporters on both sides of the border are reporting disrupted supply chains and delays. These tariffs have made project planning difficult and increased costs for businesses importing Canadian materials. There’s also a political angle: a recent National Post poll found that a majority of Canadians believe President Trump is unlikely to honor any new trade deal made between the US and Canada, which is adding to uncertainty and skepticism about future negotiations and the stability of existing agreements.

Listeners, as we track the evolving situation, the big stories for Canada remain the durability of bilateral trade ties and the outcome of the legal fight over presidential tariff powers, which could set the tone for US-Canada economic relations in the years ahead.

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Listeners, the latest chapter in US-Canada trade relations features a spike in tariff tensions, with direct impacts on Canadian businesses and consumers. As of August 7, 2025, President Donald Trump’s administration reinstated and expanded its reciprocal tariff policy, putting additional duties on countries including Canada. Under the current rules, Canadian goods not registered as compliant with the US-Mexico-Canada Agreement—often called the USMCA—are subject to steep tariffs: 35% for some items and 25% for others. These blanket tariffs have drawn accusations from Canadian officials, who argue that the moves violate the spirit and the letter of the USMCA, the regional trade pact meant to stabilize North American commerce and minimize such barriers.

While the revised tariffs are somewhat lower than original threats announced earlier this year, they remain significant and have sent shockwaves through the Canadian economy. According to a modeling study discussed at The Conversation, the tariffs are expected to reduce US annual GDP by 0.36%, but also negatively impact Canada and other trading partners. The broader economic effects include a decrease in US merchandise imports and exports, disruptions in supply chains, and ultimately higher costs for both American and Canadian consumers and businesses.

Canadian officials have responded with their own measures but, as the International Nut & Dried Fruit Council reported, Canada rolled back most of its retaliatory tariffs on US goods on September 1, 2025. This includes removing a 25% duty on US peanut butter and other American imports, aiming to ease some cross-border tensions and prevent further escalation. These policy adjustments reflect attempts by Canadian leaders to insulate domestic markets from additional price hikes and retail disruptions.

Headlines across Canadian media in recent weeks have highlighted the ongoing “trade war,” with grocery costs in America skyrocketing in part due to steel tariffs, as reported on September 22, 2025 by CanCentral. Meanwhile, Canadian GDP growth in Ontario is forecast to slow to just 0.9 percent this year, with the effects of reduced box shipments and consumer spending signaling a challenging outlook. According to BMO Economics cited by CBC News, there is hope for a slight rebound in the coming months, but uncertainty looms as the USMCA review approaches and trade relations remain fraught.

Listeners, as we continue to track these developments for Canada, expect ongoing headlines about tariff negotiations, sector-specific impacts, and political sparring between Ottawa and Washington. Thanks for tuning in to Canada Tariff News and Tracker! Be sure to subscribe for all the latest updates.

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Listeners, here's the latest on Canada-U.S. tariff dynamics as of September 2025. This past spring, Canada imposed a 25% surtax on imported goods from the United States, targeting sectors like steel, aluminum, motor vehicles, wine, spirits, coffee, appliances, apparel, footwear, motorcycles, cosmetics, and select pulp and paper products. These measures, introduced as a direct counter to American tariffs, affected more than $30 billion in annual imports from the U.S., according to EY Tax Alert 2025 No. 43.

On September 1, 2025, Canada moved to repeal the United States Surtax Order (2025-1), effectively removing these tariffs from a wide variety of goods. The Department of Finance in Canada has updated its product list, so now only U.S. steel, aluminum, and motor vehicles remain subject to the 25% surtax. The decision to lift tariffs on other categories was met with support from Canadian businesses eager to see costs come down and supply chains run smoother—especially for sectors hit hardest by increased import prices.

Meanwhile, U.S. tariffs on Canadian imports remain in the spotlight as the USMCA is up for review. According to a September 2025 WilmerHale client alert, the U.S. is currently applying sectoral tariffs—including a hefty 35% rate under the International Emergency Economic Powers Act and 50% tariffs on steel and aluminum, as reported by Handoff AI—though products compliant with USMCA are largely exempt from these country-specific charges. Still, Canadian steel, aluminum, copper, and softwood lumber are bearing the brunt of tariffs, meaning the cost of construction and consumer goods remains high for Americans. In fact, Handoff AI notes that steep U.S. tariffs on imported steel and aluminum—mostly sourced from Canada—are driving up material costs, with some tariffs doubling to 50% since June, hitting contractors and builders especially hard.

The joint USMCA review, now getting underway, has Canadian and U.S. officials discussing possible reductions or removals on these key tariffs. Mexico and Canada are both hoping to negotiate terms that bring relief to automotive, metals, and industrial sectors, a move that could have significant economic ripple effects if Washington is receptive.

One of the most contentious recent developments was Canada’s refusal to remit tariff surtaxes paid between March and August 2025—a policy Bloomberg Tax calls a 'bait and switch' that could be subject to legal challenges.

In summary, Canadian tariffs on a wide range of U.S. goods were rolled back this month, but key sectors like steel, aluminum, and vehicles remain heavily affected. The U.S. continues enforcing some of its highest tariff rates in years on Canadian imports, with plenty of uncertainty as ongoing USMCA negotiations unfold Washington and Ottawa.

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Listeners, here’s your latest update on Canada Tariff News and Tracker for September 17, 2025.

The landscape of tariffs between Canada and the United States has shifted dramatically over the past few months. Starting August 1, the U.S. government, under President Trump, raised tariffs on a wide range of Canadian exports to 35%, up from the previous 25%. This increase does not affect goods covered by the USMCA, known as CUSMA in Canada, but targets many items outside that free-trade agreement, making business for a number of Canadian exporters much more expensive according to Smarter Loans. The Bank of Canada is warning that these tariffs could push core inflation higher in both 2025 and 2026, with recent analyses showing up to 80% of these higher costs being passed straight onto consumers.

Canada initially fought back with its own counter-tariffs on U.S. goods, but just days ago, Ottawa rolled back most of these measures in an attempt to shield local businesses and consumers from worsening trade pressures. Steel, aluminum, and autos remain targeted, meaning these sectors are still in the crosshairs while both governments negotiate. Applied tariffs in Canada overall averaged around 3.4% last year, but peak at nearly 15% for agricultural goods, underscoring just how uneven these impacts are.

Meanwhile, there’s breaking news on the future of North American trade. U.S. trade officials this week formally launched the review process for USMCA, which will be renegotiated next year as the 2026 mandatory joint review approaches, Axios reports. This process is expected to be contentious, especially with Trump's tariffs casting uncertainty over the continental trade framework. The Canadian Chamber of Commerce commented that the unpredictability of U.S. trade policy is making it difficult for Canadian businesses to invest and plan for the future, urging all parties to shore up confidence by improving the agreement itself.

For Canadian listeners tracking real impacts: U.S. businesses are absorbing much of the pain, with retail prices on imported items rising only about 2% between October 2024 and last month, according to a blog from the Peterson Institute. However, the underlying volatility and risk premiums in supply chains are higher than ever, and businesses in both countries are still facing a moving target.

To sum up, tariffs are sharply up on many Canadian goods except those protected under USMCA, Canada’s own counter-measures are now largely eased except for some key sectors, and North America’s trade pact is entering a tense review period—with major consequences for exporters, importers, and consumers on both sides of the border.

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Listeners, this is your update for Canada Tariff News and Tracker on September 15, 2025, focusing on the latest headlines, numbers, and context involving US tariffs under President Trump’s administration.

The biggest news continues to be President Trump’s "Liberation Day" tariffs, a sweeping package of import duties announced on April 2, 2025. Trump signed Executive Order 14257, invoking a national emergency over the US trade deficit and authorizing broad new tariffs. Beginning April 5, a baseline 10% tariff applied to nearly all imports, with targeted higher tariffs rolling out after April 9, described by Trump as “reciprocal” measures matching other nations’ barriers. However, trade analysts widely reject that claim, noting that US rates often far exceed foreign levels and sometimes target countries with whom the US has no real deficit.

For Canada specifically, as of August 7, 2025, the US imposed a country-specific "reciprocal" tariff rate of 35% on Canadian goods. This marks one of the highest US tariffs imposed on a major trade partner and exceeds both the baseline and previous rates announced just months earlier. Politico and Bloomberg News both point out that these are the most significant protectionist moves since the Smoot–Hawley Act of the 1930s.

Canadian officials have responded with strong rhetoric and measured retaliation. There’s particular focus on energy as Canada moves forward with LNG expansion plans, aiming to diversify markets and offset US restrictions. Notably, legal challenges have hit the Trump tariffs hard: on May 28, the US Court of International Trade declared Trump’s tariffs illegal due to a lack of a rational connection between the emergency cited and the measures imposed, according to Thomson Reuters. A Washington DC court went further, holding that the law cited by Trump may not allow tariffs at all. Despite these defeats, tariffs remain in effect pending appeals.

On the ground, you’re seeing prices rise for Canadian exports to the US, including lumber, metals, and automobiles, with a related 25% duty now hitting autos unless qualified under USMCA rules. US businesses that depend on Canadian imports report significant cost increases, and industry leaders warn cross-border investment could suffer long-term.

With headline-grabbing increases, legal uncertainty, and shifting trade relationships, listeners, this is a pivotal moment in US-Canada economic ties. Be sure to follow the latest developments and how Canada is striking back, from legislative moves to energy expansion.

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Listeners, here’s your essential update for the Canada Tariff News and Tracker podcast as of September 12, 2025.

Canada made headlines on September 1st when Prime Minister Mark Carney announced the removal of retaliatory tariffs on United States goods covered by the United States-Mexico-Canada Agreement, including alcohol and other consumer products. This move aligns Canada with the US on USMCA-covered imports, easing tensions and supporting ongoing negotiations as the current agreement approaches its 2026 expiration. However, sectoral tariffs remain firmly in place: Canada is still imposing a 25 percent rate on US steel, aluminum, and autos, a position Carney says is essential to “preserving economic leverage” while discussions for a new bilateral trade deal continue. More than 75 percent of Canada’s exports go to the US, highlighting how critical trade stability is for Canadian jobs and growth according to Brauwelt International.

Sources close to industry point out that the US, under President Trump, maintains a steep 50 percent tariff on most steel and aluminum imports – Canada included – as well as high duties on autos and copper. The Brookings Institution confirms these tariffs are part of Trump’s push for sectoral “trade deals,” with reciprocal tariffs now ranging from 15 to 50 percent on various products as of September 11th, per Baker Botts LLP’s latest tracker. Goods exempted from these new reciprocal tariffs include some agricultural products, aircraft parts, and minerals not produced in sufficient quantities in the US, but key Canadian manufactured exports are still hit hard.

Economists at RBC report that Canadian goods exports to the US have dropped 5 percent year-over-year in July, driven almost entirely by tariffed items like steel, aluminum, aerospace, and auto parts. In fact, exports of steel and aluminum plunged 40 percent, while aerospace products fell 39 percent. RBC notes 88 percent of Canadian exports to the US are still duty-free due to CUSMA, but the remaining 12 percent face tariffs averaging up to 27 percent, causing real pain for Canadian manufacturers, transport, and warehousing sectors. Despite these headwinds, RBC cautiously predicts limited further deterioration for Canada’s economy as most exports remain protected by trade agreement exemptions.

Meanwhile, Trump’s administration announced further changes to tariff policy this week, excluding certain critical minerals and pharmaceuticals from reciprocal duties, and signaling that future trade deals – including with Canada – may bring targeted tariff relief on key products. But ongoing trade monitoring and stepped-up enforcement mean the tariff environment remains volatile, prompting calls for tighter compliance from businesses relying on cross-border supply chains.

To sum up, listeners: Canada’s removal of USMCA-linked tariffs marks a strategic pivot, but high sectoral tariffs on industrial goods remain, and US rates on Canadian exports still reach 15 to 50 percent on many items. The road to a new trade deal is uncertain, and key Canadian industries continue to feel the tariff sting. Stay tuned every week as we track the latest tariff headlines, trade negotiations, and their impact on the Canadian economy.

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