The latest tariff delay includes items covered under the USMCA. However, tariffs could be on the way for other goods coming out of Canada.
President Trump is looking at Canadian dairy and lumber imports. He told reporters in the Oval Office that Canada has a tremendously high tariff, making it impossible for U.S. to sell lumber or dairy there. Dairy groups have argued for years that there are too many trade barriers for accessing Canadian markets.
Lumber has also been at the center of debate, with the U.S. accusing Canadians of benefitting from subsidies from federal and local governments.
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“It does not extinguish right away here — in any sort of sense — the real profitability concerns and people’s ability to pay bills and get to the other side of this in the very short term. This is where the skepticism builds.”
