While as much as 95 per cent of Canadian goods could escape new higher tariffs from the U.S., some businesses say added preparation and legwork for exports still present complications.
Breakdown
- Most Canadian exports remain exempt from new U.S. tariffs due to trade agreements.
- Compliance now requires extensive documentation on product origins, increasing costs. 32s
- Only companies able to handle the paperwork or avoid overseas imports can dodge the tariffs. 1m 10s
- Automotive, steel, aluminum, and copper sectors still face significant duties. 1m 23s
- Ongoing changes and uncertainty around tariffs make business planning difficult. 1m 29s
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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.