Trump reveals global baseline tariffs, Canada not impacted yet – National [Video]

U.S. President Donald Trump on Wednesday signed an executive order for global so-called “reciprocal tariffs” Wednesday, but Canada is not included in the latest round of what could be the biggest global trade war in almost a century.

A White House fact sheet released shortly after Trump announced the policy said existing tariffs on Canada and Mexico “remain in effect” — including exemptions — “and are unaffected by this order.”

“This means USMCA compliant goods will continue to see a zero per cent tariff, non-USMCA compliant goods will see a 25 per cent tariff, and non-USMCA compliant energy and potash will see a 10 per cent tariff,” the statement said, using the acronym for the United States-Canada-Mexico Agreement that dictates North American free trade rules, which Canada refers to as CUSMA.

“In the event the existing fentanyl/migration IEEPA orders are terminated, USMCA compliant goods would continue to receive preferential treatment, while non-USMCA compliant goods would …