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Tariffs Hurt More Than Trade Deal
Description
Canada’s top diplomat in the U.S. says sectoral tariffs on steel, aluminum, and cars are the real headache—not the CUSMA trade deal. These tariffs, imposed under separate U.S. law, are hurting Canadian businesses and workers and exist outside CUSMA’s scope. The Canadian team is laser-focused on eliminating these tariffs quickly, giving them breathing room on the upcoming CUSMA review. While the July 1 review is looming, the deal remains valid until 2036, making it a process, not a deadline. But these specific tariffs? They’re still active and causing real damage—unless fixed. Recent U.S. tweaks lowered steel/aluminum rates on farm equipment and HVAC systems from 25% to 15%, and heavy machinery also got a 15% tariff—with a 10% rate available if equipment uses high percentages of U.S.-made materials.
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