US 50% Tariffs on Canadian Goods Hit USMCA Trade Deal
A 50% blanket rate that overrides USMCA on a wide range of Canadian exports is the kind of cross-border escalation markets have not priced since the early-2018 steel fight.
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A 50% blanket rate that overrides USMCA on a wide range of Canadian exports is the kind of cross-border escalation markets have not priced since the early-2018 steel fight.
A non-renewal in 2026 puts the 2018 trilateral pact on a six-month sunset clock, with tariffs reverting to pre-USMCA Smoot-Hawley-era baselines and forcing a renegotiation rush that investors had…