{"id":58241,"date":"2025-04-03T13:53:11","date_gmt":"2025-04-03T13:53:11","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/03\/trump-tariff-fallout-live-what-canadians-need-to-know\/"},"modified":"2025-04-03T13:53:11","modified_gmt":"2025-04-03T13:53:11","slug":"trump-tariff-fallout-live-what-canadians-need-to-know","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/03\/trump-tariff-fallout-live-what-canadians-need-to-know\/","title":{"rendered":"Trump tariff fallout live: What Canadians need to know"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">United States President Donald Trump Wednesday imposed reciprocal global tariffs on the trading partners that sent shock waves around the world and markets plunging.<\/p>\n<\/div>\n<div id=\"\">\n<p>Article content<\/p>\n<h2>What did Trump announce?<\/h2>\n<p>Trump announced minimum tariffs of 10 per cent on all trading partners, scheduled to take effect on Saturday, but higher, individualized tariff rates will be implemented for certain countries on April 9.<\/p>\n<p>Those higher tariffs include a 34 per cent tariff on China, a 20 per cent levy on imports from the European Union, a 25 per cent tariff on South Korea and a 32 per cent levy on Taiwan.<\/p>\n<h2>What tariff level did Trump impose on Canada?<\/h2>\n<p>The White House said Canada and Mexico remain under previous economy-wide duties the president has linked to the flow of fentanyl across the borders and are not subject to Trump\u2019s latest tariffs.<\/p>\n<\/div>\n<div id=\"\">\n<p>Article content<\/p>\n<p data-async=\"\">Goods compliant under the Canada-United-States-Mexico Agreement (CUSMA) will continue to be free of tariffs, but non-compliant goods face tariffs of 25 per cent, with a 10 per cent carveout for energy and potash. The 25 per cent tariffs on steel and aluminum are also still in place.<\/p>\n<p>However, if the existing 25 per cent tariffs on Canadian goods are later axed, non-CUSMA-compliant goods would be only subject to a 12 per cent reciprocal tariff.<\/p>\n<h2>What\u2019s next for Canada?<\/h2>\n<p>Prime Minister Mark Carney said Trump\u2019s tariff regime will \u201cfundamentally change the global trading system\u201d but didn\u2019t offer further details on Wednesday.<\/p>\n<p>The prime minister said that while Canada wasn\u2019t hit with the latest levies, it\u2019s still subject to 25 per cent tariffs on steel and aluminum and 25 per cent duties on automobile imports which will come into force on Thursday.<\/p>\n<p data-async=\"\">The automobile tariffs have spread confusion throughout the deeply integrated North American auto market.<\/p>\n<h2 id=\"live-blog\">Tariffs live blog<\/h2>\n<p><vf-live-blog class=\"viafoura\" signature=\"eyJ0eXAiOiJKV1QiLCJhbGciOiJSUzUxMiJ9.eyJjYW5vbmljYWxfc2l0ZV91dWlkIjoiMDAwMDAwMDAtMDAwMC00MDAwLTgwMDAtMDZlNjM0ZWE1NTVhIiwiY29udGFpbmVyX2lkIjoiMzgyMTg2NCIsImlhdCI6MTc0MzY4OTg2NH0.ZpDLUnO6blPVSEnBAwdHhikX2R47mdp-Q2wTjb-3d4r5oCZphNSFa6-Q7a2CNNSV16izXgPSG6OsFtUDy15hcTftYVfnnht5PdIS6obhjle3K6LUr8La2NKxvIKHpqhmXWUBn1hidlcEcoFfNviGmwQ0i4NQHDqEqALk0hX6ERM\" vf-container-id=\"3821864\"\/><\/p>\n<section aria-labelledby=\"moreTopicLabel832118730953836904876867852435456\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" about=\"\" trump=\"\" tariffs=\"\" join=\"\" our=\"\" live=\"\" q=\"\" at=\"\" noon=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Questions about Trump&#8217;s tariffs? Join our live Q&amp;A at noon<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" escapes=\"\" new=\"\" levies=\"\" as=\"\" trump=\"\" imposes=\"\" reciprocal=\"\" tariffs=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"U.S. President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=W9Uq0aD4UKenlCK9K74UYQ\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=sqOhOGeJyl6C4VWbw51Xfg\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=W9Uq0aD4UKenlCK9K74UYQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=45Q4ZWEq2iLDWiLTImaJnQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=pxowq10N9jBNrUhY5hhHgA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canada escapes new levies as Trump imposes reciprocal tariffs<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/div>\n<div id=\"\">\n<p>Share this article in your social network<\/p>\n<\/div>\n\n<br \/>Trump tariff fallout live: What Canadians need to know<\/a><br \/>\n<br \/>2025-04-03 13:53:11<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article content United States President Donald Trump Wednesday imposed reciprocal global tariffs on the trading partners that sent shock waves around the world and markets plunging. Article content What did&#8230;<\/p>\n","protected":false},"author":2,"featured_media":58242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-58241","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=58241"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/58242"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=58241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=58241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=58241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}