The U.S. will impose a 35% tariff on Canadian imports starting August 1, as per an executive order signed by President Trump. Goods compliant with the United States-Mexico-Canada Agreement (USMCA) will be exempt, while items transshipped to avoid the tariff will face a 40% levy. This decision follows recent communications with Canadian leaders regarding reciprocal tariffs. Canada has responded with its own tariffs on U.S. goods, emphasizing its commitment to protect its workers and industries amid ongoing trade negotiations and broader tariff actions by the Trump administration.

Source: https://www.supplychaindive.com/news/trump-tariffs-canada-aug-1-carney/752779/