Canada-U.S.-Mexico Agreement

President Donald Trump on Monday floated another possible pause on automobile tariffs to give companies time to set up US supply chains, bringing more uncertainty to the deeply integrated North American vehicle industry.

Prime Minister Mark Carney said Thursday that Canada will hit back against U.S. President Donald Trump's 25 per cent auto tariffs with matching levies on vehicles imported from the United States.

Prime Minister Mark Carney said Donald Trump's tariff regime will "fundamentally change the global trading system" after the U.S. president exempted Canada from his so-called "liberation day" tariff list unveiled on Wednesday.

The latest move in U.S. President Donald Trump's plan to realign global trade came into force on Wednesday as all countries, including Canada, were hit with 25 per cent tariffs on steel and aluminum imports into the United States.

U.S. President Donald Trump's stiff duties have been temporarily paused on some Canadian products, bringing little relief as the tariff threat continues to hang over America's closest neighbour.

The Canadian and Mexican architects of the Canada-U.S.-Mexico Agreement say Donald Trump's trade war has crossed a line that essentially wipes out the continental trade pact, as experts suggest the president's actions are meant to rattle America's closest neighbours ahead of a mandatory review.

A day into Donald Trump's North American trade war, the U.S. president remained adamant that tariffs would benefit America even as a key member of his team has floated that a compromise could materialize Wednesday.

In a news release late Monday, Trudeau said if U.S. tariffs come into effect as Trump planned, Canada will respond with 25 per cent tariffs on $155 billion worth of American goods.

Canadian officials are adopting a different tone after President Donald Trump ordered a study of the United States' trade relationship with Canada, pushing the threat of devastating tariffs down the road — temporarily.

Trump said the tariff will remain in place until both countries stop drugs, in particular fentanyl, and people from illegally crossing the borders. He said until those issues are solved Canada and Mexico will "pay a very big price!"

More than 77 per cent of Canadian exports go to the U.S. and trade comprises 60 per cent of Canada's gross domestic product. A significant proportion of that comes from oil and gas.

In a new survey from polling firm Leger, 64 per cent of Canadian respondents said if they could cast a ballot, they’d put their support behind vice-president Harris while 21 per cent would support former president Donald Trump. Fifteen per cent weren't sure what they would do.

Both presidential candidates have campaigned on protectionist policies that could cause uncertainty for Canadian trade. Whoever takes the White House will be in charge during the review of the Canada-U.S.-Mexico agreement in 2026.