New U.S. tariffs target just five per cent of Canadian exports, but experts warn they set a dangerous precedent by undermining CUSMA’s trade protections and investor confidence.
On paper, Donald Trump’s latest tariffs only apply to about five per cent of Canada’s goods exports.
But they set a precedent of ignoring the Canada-U.S.-Mexico Agreement on trade (CUSMA) that economists, trade experts and business leaders warn could inflict much wider damage. They also use a legal mechanism that gives the U.S. president a lot more flexibility.
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