The frenzied tariff announcements of recent weeks risk obscuring a simple fact: most Canadian exports face no tariffs when entering the United States.
Goods that are compliant with the rules of origin of the United States-Mexico-Canada Agreement have been exempted from tariffs imposed in February based on White House claims about fentanyl coming from Canada, and what the U.S. calls “reciprocal” tariffs, which are poised to come into effect on Aug. 1. No such exemption has been granted to other countries.
