logo
Here's a timeline of Trump's tariffs on Canada

Here's a timeline of Trump's tariffs on Canada

CBC21 hours ago
Social Sharing
It's down to the wire on U.S. President Donald Trump's threat to raise his tariff on Canadian goods entering the United States to 35 per cent, up from the 25 per cent rate that he imposed soon after taking office.
Trump set Aug. 1 as the deadline for Canada to reach a trade deal or face the tariff increase.
Here's a brief timeline of the key tariffs on Canada.
Feb. 1
Trump signs an executive order levying tariffs on Canadian exports to the U.S. at 25 per cent on all products, except energy, critical minerals and potash, which are hit with a rate of 10 per cent. The order justifies the tariffs as a way to "address the flow of illicit drugs across our northern border," citing fentanyl as a threat to national security. Trump later announces the tariffs will take effect March 4.
WATCH | What a trade war with the U.S. would mean for Canada:
March 6
Just two days after Trump's tariffs on Canada come into force, Trump amends his executive order, giving an exemption for products that comply with the terms of the Canada-U.S.-Mexico Agreement (CUSMA). The exemption covers nearly 90 per cent of Canadian exports to the U.S., which means the vast bulk of products can cross the border tariff-free.
Trump's tariff war on Canada has finally begun | About That
5 months ago
April 29
After threatening to impose a 25 per cent tariff on automobiles and auto parts from outside the U.S., Trump waters down the levy, so it only applies to parts that aren't CUSMA-compliant and the non-U.S. portion of assembled vehicles. Still, the tariffs have an impact on Canada's auto sector and bite into the profits of North American automakers.
WATCH | Here's where things stand with Trump's auto tariffs:
U.S. tariffs on auto parts take effect, CUSMA-compliant parts exempt
3 months ago
May 6
Prime Minister Mark Carney, just days after leading his Liberal Party to a minority election win, meets Trump at the White House. Carney presses Canada's case for the removal of tariffs, and while Trump speaks highly of his guest, the president gives no sign he's changing his mind on the issue.
Carney mouths 'never' several times responding to Trump's 51st state idea
3 months ago
Prime Minister Mark Carney silently mouthed the word 'never' five times and smiled after U.S. President Donald Trump said 'never say never' to the idea of Canada becoming the 51st state during the leaders' Oval Office sit-down.
June 3
Separately from the tariffs on Canadian goods, Trump doubles his tariff on steel and aluminum imports from all countries, to 50 per cent. Canada is the top supplier of both products to the U.S.
WATCH | How Canada's steel producers are reacting to Trump's latest tariff threat:
Trump's new tariff threat 'punch in the gut' to Canada's steel industry: CSPA
2 months ago
Catherine Cobden, head of the Canadian Steel Producers Association, says U.S. President Donald Trump's new threat, to double tariffs steel and aluminum tariffs to 50 per cent, 'completely unjustified' and Ottawa should quickly impose retaliatory tariffs. Read more: https://www.cbc.ca/1.7548855
July 10
Trump threatens in a letter posted on his Truth Social platform to boost the tariff on Canadian goods to 35 per cent, effective Aug. 1. "If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter," Trump writes.
Trump's tariff deadline: What a deal could cost Canada
15 days ago
July 11
Goods that comply with CUSMA will continue to be exempt from the tariff even if the rate rises on Aug. 1, according to a White House official.
WATCH | Why most Canadian exports still get into the U.S. tariff-free:
CUSMA-compliant Canadian exports exempt from Trump's latest tariffs
1 hour ago
July 25
One day after Canada's top negotiators downplay the prospects of getting a deal by Trump's deadline, the U.S. president also throws cold water on Canada's chances. "We haven't really had a lot of luck with Canada," he tells reporters at the White House. "I think Canada could be one [country] where there's just a tariff, not really a negotiation."
U.S. and Canada might not reach trade deal, Trump says
WATCH | 'We haven't really had a lot of luck with Canada,' Trump says:
Trump on trade: 'I think Canada could be one where they'll just pay tariffs'
6 days ago
President Donald Trump said Friday that the U.S. is working 'very diligently' with the EU on tariff talks, and has 'the confines of a deal with China — though he didn't offer details. Trump added there's no deal with Canada, saying 'we haven't been focused on it.'
July 30
Prime Minister Mark Carney says Canada's negotiating team is back in Washington for trade talks but gives his clearest indication yet that Canada might not land a deal by Trump's Aug. 1 deadline. Then shortly after midnight, Trump posted on his Truth Social platform, "Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them."
WATCH | As Trump's deadline nears, Carney says deal may not happen in time:
Carney says 'we'll see' about a U.S. trade deal by deadline
18 hours ago
Prime Minister Mark Carney says Canada's delegation negotiating with the U.S. on a trade deal is back in Washington ahead of the Aug. 1 deadline imposed by U.S. President Donald Trump, but gave his clearest indication yet that Canada might not land a deal in time.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ontario, Michigan business groups jointly warn of 'crisis' if Canada, U.S. can't reach trade deal
Ontario, Michigan business groups jointly warn of 'crisis' if Canada, U.S. can't reach trade deal

CBC

timea minute ago

  • CBC

Ontario, Michigan business groups jointly warn of 'crisis' if Canada, U.S. can't reach trade deal

Two groups representing businesses in Ontario and Michigan are urging Canada and the U.S. to get a trade deal done in order to avoid prolonged instability. "Prolonged instability could have serious consequences for key sectors, from automotive and advanced manufacturing to agriculture and logistics," a joint statement Friday from the Ontario and Michigan chambers of commerce said. "This is not just a trade story, it's a North American competitiveness crisis. The chambers are calling on both governments to return to the negotiating table." The statement comes after the two countries failed to come to some sort of agreement by an Aug. 1 deadline. U.S. President Donald Trump signed an executive order on Thursday boosting tariffs from 25 per cent to 35 per cent on Canadian goods that don't comply with the Canada-U.S.-Mexico Agreement (CUSMA). Michigan and Ontario form one of the largest trade corridors between the two countries. The two jurisdictions are largely connected via the integrated auto sector. In addition to the 35 per cent tariffs on non-CUSMA compliant goods, Trump has also slapped a 25 per cent levy on the non-U.S. portion of assembled vehicles. The U.S. has also imposed 50 per cent tariffs on steel and aluminum imports from all countries. Prime Minister Mark Carney released a statement just past midnight on Friday saying Canada will continue to work toward a deal while focusing on providing supports for impacted industry and diversifying trade. "Canada will be our own best customer, creating well-paying careers at home, as we strengthen and diversify our trading partnerships," the statement said. Trump's order cites "Canada's lack of co-operation in stemming the flood of fentanyl and other illicit drugs across our northern border" — even though Canada accounts for a small percentage of drug seizures entering the U.S. But a White House official gave CBC News a different explanation for the lack of an agreement with Canada, saying on background that Canada "has repeatedly demonstrated a lack of seriousness in trade discussions as it relates to removing trade barriers." Trump gave Mexico, which accounts for the majority of drug seizures at the U.S. border, a 90-day extension of its current tariff regime with the goal of signing a new deal during that period. 'No deal better than a bad deal' Other Canadian business groups also expressed concerns about the lack of an agreement, but say it's better that Canada take its time rather than accept a bad deal. The Canadian Chamber of Commerce says it feels spending a little bit more time on crafting the right deal is well worth the wait because it will deliver lasting benefits. However, the group also feels businesses in Canada and the U.S. urgently need more certainty. Dan Kelly, the president and CEO of the Canadian Federation of Independent Business (CFIB), blasted the U.S. administration for its tariff rationale. "The hike in U.S. tariffs to 35 per cent will harm small businesses on both sides of the border. The fentanyl rationale is even more ridiculous than the decision itself," Kelly said in a statement. "CFIB supports the view that no deal is better than a bad deal, but the lack of resolution means small firms will not be able to plan for the future or continue to put off difficult choices."

What consumers can expect from import taxes as the US sets new tariff rates
What consumers can expect from import taxes as the US sets new tariff rates

Winnipeg Free Press

time30 minutes ago

  • Winnipeg Free Press

What consumers can expect from import taxes as the US sets new tariff rates

American businesses and consumers woke up Friday to find the contours of President Donald Trump's foreign trade agenda taking shape but without much more clarity on how import taxes on goods from dozens of countries would affect them. Late Thursday, Trump ordered new tariff rates for 66 countries, the European Union, Taiwan and the Falkland Islands. Among them: a 40% tariff on imports from Laos, a 39% tariff on goods from Switzerland and a 30% tariff on South African products. Other trade partners, such as Cambodia, had the tax rates on their exports to the U.S. reduced from levels the president had threatened to impose. Trump postponed the start date for all of the tariffs from Friday until Aug. 7. Wendong Zhang, an associate professor in the Dyson School of Applied Economics and Management at Cornell University, said U.S. consumers may be feeling some relief with the tariff rates announced, since many were lower than Trump initially threatened. Indonesia's rate was 19%, for example, down from the 32% Trump announced last spring. But tariffs are a tax, and U.S. consumers are likely to foot at least part of that bill. 'Prices are still going up, they just won't go up as much as in the worst-case scenario,' Zhang said. Companies are dealing with tariffs in various ways. Many automakers appear to be swallowing tariff costs for now. But the world's largest eyewear maker, EssilorLuxottica, said it raised U.S. prices due to tariffs. The maker of Ray-Bans grinds lenses and sunglasses in Mexico, Thailand and China and exports premium frames from Italy. Here's what we know about the tariffs and what their impact will be on U.S. consumers: How we got here President Donald Trump unveiled sweeping import taxes on goods coming into the U.S. from nearly every country in April. He said the tariffs were meant to boost domestic manufacturing and restore fairness to global trade. A week later, Trump announced a 90-day pause on the tariffs but did leave in place a 10% tax on most imports. In early July, Trump began sending letters to dozens of countries saying higher tariffs would go into effect Aug. 1 unless they reached trade deals. The administration announced new rates for dozens of countries on Thursday but delayed their implementation until Aug. 7. In the meantime, Trump announced a 35% tariff on imports from Canada would take effect Friday. But Trump delayed action on Mexico and China while negotiations continue. Other duties not specific to countries also remained in place Friday, like a 50% tariff on imported aluminum and steel announced in June. What tariffs are in place already The Trump administration has reached deals with the European Union, Japan and South Korea that put 15% tariffs in place. A deal with the Philippines puts 19% tariffs in place while a deal with Vietnam imposes a 20% levy. On Wednesday, Trump announced a 25% tariff on goods from India and a 50% tariff on goods from Brazil. Tariffs are already impacting prices The U.S. Commerce Department said Thursday that prices rose 2.6% in June, up from an annual pace of 2.4% in May and higher than the Federal Reserve's goal of 2%. Many goods that are heavily imported saw price increases, including furniture, appliances and computers. Zhang, the Cornell economist, said U.S. consumers could see higher prices in the coming months for appliances and other products that contain a large amount of steel and aluminum. Toys, kitchenware, electronics and home goods could also see price spikes. But Zhang said a 15% tariff doesn't mean prices will immediately rise by 15%. Companies were aware of the tariff deadlines and have been trying to stockpile goods and take other measures to mitigate the impacts. Some Americans will see benefits Zhang noted that Trump's trade deals often contain specific provisions designed to boost U.S. exports. The agreement with the European Union, for example, calls for European companies to purchase $750 billion worth of natural gas, oil and nuclear fuel from the U.S. over three years. Zhang said semiconductor firms and military contractors could also see bumps in trade. Some U.S. farmers could also see a potential upside, Zhang said. As part of its trade deal, Vietnam agreed to purchase $2 billion in U.S. agricultural products over three years, including corn, wheat and soybeans, according to the International Trade Council. But Zhang cautioned that agricultural agreements tend to be short-lived. Over the longer term, the uncertainty over tariffs could cause countries like China to back away from U.S. agricultural markets and look for other partners, Zhang said. Food and drink prices will climb The tariffs will almost certainly result in higher food prices, according to an analysis released this week by the nonpartisan Tax Foundation. The U.S. simply doesn't make enough of some products, like bananas or coffee, to satisfy demand. Fish, beer and liquor are also likely to see price hikes, the foundation said. Conagra Brands, the maker of Hunt's canned tomatoes, Reddi-wip and other brands, said in July that tariffs – particularly the 50% tax on imported aluminum and steel — will add $200 million annually to its costs. The company said it's shifting some of its suppliers but also expects to raise prices. Ben Aneff, managing partner at Tribeca Wine Merchants and president of the U.S. Wine Trade Alliance, said that beginning Friday shoppers will see prices rise 20% to 25% at his store and others because of tariffs and the declining value of the dollar. 'Nobody can afford to eat the tariff. It gets passed on,' Aneff said. Aneff said shoppers haven't felt the impact from higher duties until now because distributors and retailers accelerated shipments from France and other European countries earlier in the year. But with the tariff rate bumping to 15%, Aneff expects European wine prices to jump 30% in September. Clothing and shoe prices are already creeping up Ninety-seven percent of clothing and shoes sold in the U.S. are imported, primarily from Asia, according to the American Apparel & Footwear Association said. China leads the pack, but companies have been shifting more of their sourcing to Vietnam, Indonesia and India. And prices are already on the rise. Steve Lamar, president and CEO of of the trade group, declined to estimate price increases because he said the situation continues to be in flux. He also said shoppers will see higher costs from tariffs play out in other ways starting this fall. Companies may drop products because they're too expensive or reduce promotions, he said. Matt Priest, president and CEO of the Footwear Distributors and Retailers of America, estimates prices for shoes are starting to go up for the back-to-school shopping season. He estimates price increases in the 5% to 10% range. Lululemon said in June that price increases will be modest and apply to a small portion of its assortment, while Ralph Lauren said it would be hiking prices for this fall and next spring to offset tariffs. Bjorn Gulden, CEO of Germany-based Athletic wear giant Adidas, told investors Wednesday that the company is reviewing different price increases for products for the U.S. but no decision has been made. 'Tariffs (are) nothing else than a cost,' he said. 'And regardless of what people are saying, you can't just throw a cost away. It's there.' Car prices hold steady — so far Monday Mornings The latest local business news and a lookahead to the coming week. Some automakers have already raised prices to counteract tariffs. Luxury sports car maker Ferrari said Thursday it was waiting for more details of Trump's trade deal with the European Union before scaling back a 10% surcharge it put in place in April on most vehicles in the U.S. But for the most part, automakers haven't been raising prices as they wait for details of the trade deals. Kelley Blue Book, which monitors car pricing, said the average U.S. new car cost $48,907 in June, which was up just $108 from May. But that could change. General Motors said last week that the impact of the tariffs could get more pronounced in the third quarter of this year. GM has estimated that the tariffs will cost it $4 billion to $5 billion this year. ___ AP Business Writer Colleen Barry reported from Milan.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store