
Tariff reprieve for agriculture
The agriculture sectors of Canada and Mexico were spared from new tariffs as part of U.S. President Donald Trump’s “Liberation Day” announcement.
Trump’s reciprocal tariffs ranged from 10 to 50 per cent to a very long list of countries starting on Apr. 9.
Imports not covered by the Canada-U.S.-Mexico trade agreement (CUSMA or USMCA) as of Apr. 5 will be applied a 10 per cent duty.
Alberta Premier Danielle Smith said it was an important win for Canada and Alberta, as it appeared the United States has decided to uphold the majority of the free trade agreement (CUSMA) between the two countries. It also appeared this will continue to be the case until after the Canadian federal election has concluded and the newly elected Canadian government is able to renegotiate CUSMA with the U.S. administration.