Part 4/8:
One notable development was the immediate implementation of a 35% tariff on goods imported from Canada. However, products that comply with the United States-Mexico-Canada Agreement (USMCA) are exempt from this higher tariff rate, which experts believe will impact only a small portion of trade flows between the two nations.
This move underscores the administration's intent to leverage tariffs as bargaining tools in ongoing trade negotiations, especially with countries like Canada that are key economic partners.