After imposing a global tariff of 10 per cent following a stinging loss at the U.S. Supreme Court, President Donald Trump now says he's raising that rate an additional five per cent — though exemptions for CUSMA-compliant goods from Canada and Mexico still apply.
Breakdown
- Trump raises global tariff from 10% to 15% immediately 32s
- New tariffs use a different legal mechanism, expiring in 150 days unless extended 46s
- Most Canadian goods are exempt, but some sectors remain affected 57s
- Canada-U.S. trade deal is up for renegotiation 1m 27s
- Some Republicans in Congress push 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.