Canada and the US have been locked in a tariff war for six months and, despite talk of “intense” negotiations in recent weeks, a trade agreement remains elusive.
Canada is now facing a 35% tariff rate, though there is a carve out for goods compliant under a current free trade deal. American global tariffs on steel, aluminum, autos, and auto parts are hurting, as the US is a top market for those sectors.
Canda has responded with C$60bn ($43.3bn; £32.3bn) in counter tariffs on various American goods – the only country along with China to directly retaliate against Trump.