Trump’s new 50 percent Canada tariffs: What products are affected and why?

from Canada in 2025.

Trump has also cited the trade deficit with Canada behind his sweeping tariffs. The US goods trade deficit with Canada was $46.4bn in 2025, according to Washington, and Canada’s oil and gas are the main source of the deficit.

The latest duties will not apply to oil, gas, critical minerals, potash, and goods already impacted by sector-specific continue reading …