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At the beginning of this year, the U.S. introduced tariffs known as the AIPA tariffs, primarily targeting Canada and Mexico. These tariffs were rooted in concerns over border issues and fentanyl trafficking. In response, the U.S. also imposed reciprocal tariffs on other trade partners and established high sector-specific tariffs on strategic industries such as steel, aluminum, autos, and copper.
Trade Actions on Canadian Industries
Canadian industries, notably lumber, have also felt the effects of U.S. trade measures, experiencing substantial tariffs further complicating bilateral economic relations.
Recent U.S. Trade Agreements and Their Terms
In recent weeks, the U.S. has reached new trade deals with various countries, which share certain characteristics: