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86% of Canadian Exports Shielded from U.S. Tariffs

7/24/2025

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Summary

Story summary

Canadian exporters can breathe a sigh of relief as compliance with the Canada-U.S.-Mexico Agreement (CUSMA) shields 86% of their exports from U.S. tariffs. Senators Collins and Murkowski champion the CANADA Act to safeguard small businesses against Trump's looming 35% tariffs. However, uncertainty lingers over future trade relations, as U.S. Commerce Secretary Lutnick confirms the current tariff exemptions.

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Story summary

Canadian exporters can breathe a sigh of relief as compliance with the Canada-U.S.-Mexico Agreement (CUSMA) shields 86% of their exports from U.S. tariffs. Senators Collins and Murkowski champion the CANADA Act to safeguard small businesses against Trump's looming 35% tariffs. However, uncertainty lingers over future trade relations, as U.S. Commerce Secretary Lutnick confirms the current tariff exemptions.