U.S. President Donald Trump says his newest global tariffs will be 15 per cent — up from the 10 per cent he initially announced after the U.S. Supreme Court deemed many existing tariffs illegal. But exemptions for CUSMA-compliant goods from Canada and Mexico still apply.
Breakdown
- Trump raises global tariffs from 10% to 15% effective immediately 32s
- New tariffs use a different legal mechanism, expiring in 150 days unless extended 46s
- Most Canadian goods are exempt, but key sectors still face separate tariffs 1m 2s
- Canada's trade deal with the U.S. is up for renegotiation 1m 27s
- Some Republicans in Congress are pushing back against the new tariffs 1m 56s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.