2025–2026 Canada–United States trade war

Rare card · No. 59001

On February 1, 2025, a trade war started by the United States against Canada as well as Mexico began when U.S. president Donald Trump signed orders imposing near-universal tariffs on goods from the two countries entering the United States. The order called for 25 percent tariffs on all imports from Canada except for oil and energy, which would be taxed at 10 percent. In response, then–Canadian prime minister Justin Trudeau said Canada would retaliate with 25 percent tariffs on CA$30 billion (US$20.6 billion) of American goods, which would expand to CA$155 billion (US$106 billion) after three weeks. On February 3, one day before they were set to take effect, both leaders negotiated a one-month delay of the imposition of the tariffs. The U.S. tariffs took effect on March 4; Canada's retaliatory tariffs began simultaneously. On March 6, Trump exempted goods compliant with the United States–Mexico–Canada Agreement (USMCA) from tariffs. Later, the U.S. imposed universal tariffs on steel, aluminum...

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