Canada

The majority of Canadian exports will remain exempted from Donald Trump’s new 10 per cent global levy, as the U.S. president pivots after the Supreme Court dealt a blow to his plans to realign global trade. A fact sheet from the White House said the latest tariff will not hit goods compliant under the Canada-U.S.-Mexico agreement on trade, known as CUSMA. The duty will also not be applied on top of sector-specific tariffs like steel, aluminum and automobiles.Trump signed an executive order Friday to enact the worldwide tariff beginning on Tuesday using Section 122 of the 1974 Trade Act. That…

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