Two days after U.S. President Donald Trump implemented a 25 per cent tariff on all Canadian goods, he's now introduced some exemptions.
Canada's Minister of Finance Dominic LeBlanc reported the United States has agreed to suspend tariffs on all goods that are compliant with the Canada-US-Mexico Agreement (CUSMA) trade agreement.
All exemptions could expire on April 2, when Trump says he will impose reciprocal tariffs on all U.S. trading partners.
LeBlanc said Canada will not proceed with the second wave of tariffs on $125 billion of U.S. products until then.
Canada implemented a 25 per cent tariff on an initial $30 billion worth of American goods when Trump's tariffs were first introduced on March 4.
Premier Doug Ford is urging the president to end all tariff threats.
"President Trump has created a mess. Here’s the solution: drop the threat of tariffs completely and let’s get to the table to land a deal that creates jobs and grows our economies on both sides of the border. Until then, we won’t relent," said Ford on X.
