US tariffs hit Canadian exports in second quarterAugust 29, 2025 Canada’s economy contracted 1.6% in Q2 2025 as U.S. tariffs drove exports down 7.5%, marking the first quarterly decline in nearly two years.
Trump threatens 35 percent tariff on Canadian importsJuly 11, 2025 U.S. President Trump will impose a 35% tariff on Canadian goods from August 1, citing fentanyl concerns and trade imbalance amid ongoing bilateral talks.