Canada's Tariff Teardown: What It Means For You

On September 1st, 2025, Canada will remove many of its retaliatory tariffs on U.S. goods that comply with the USMCA free-trade pact, as announced by Prime Minister Mark Carney. The tariffs on steel, aluminum, and autos will remain in place. This change aims to re-establish free trade for the majority of goods between the two countries, following a call between Prime Minister Carney and President Trump.
Key Details
Effective Date: September 1, 2025.
What's Changing: Canada will for the vast majority" of products traded between the two nations.
Announcement: The decision was made following discussions between Prime Minister Mark Carney and President Donald Trump.