{"id":2609,"date":"2025-07-11T22:06:05","date_gmt":"2025-07-11T22:06:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/2609\/"},"modified":"2025-07-11T22:06:05","modified_gmt":"2025-07-11T22:06:05","slug":"what-goods-may-and-may-not-be-affected-by-trumps-35-tariff-on-canada","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/2609\/","title":{"rendered":"What goods may (and may not) be affected by Trump’s 35% tariff on Canada"},"content":{"rendered":"\n

President Trump surprised markets this past week with a letter announcing a 35%<\/a> tariff on Canadian goods, but some notable industries such as energy could get some relief from the new threat.<\/p>\n

Guidance offered following the release is that this 35% rate \u2014 if Trump follows through \u2014 will increase the rate on goods currently facing a 25% duty but that key carveouts are likely to be maintained.<\/p>\n

A White House official told Yahoo Finance that the expectation is that the situation will not change for United States-Mexico-Canada Agreement-compliant goods (which are often exempt from tariffs entirely) as well as for energy products like oil and a fertilizer known as potash (these are key flashpoints that currently see 10% duties).<\/p>\n

Yet the official stressed that no final deal has been drafted and Trump hasn\u2019t made a final decision.<\/p>\n

\"WASHINGTON, President Donald Trump during a multilateral lunch in the State Dining Room of the White House on July 9. (Win McNamee\/Getty Images) \u00b7 Win McNamee via Getty Images <\/p>\n

Read more: The latest news and updates on Trump’s tariffs<\/a><\/p>\n

Trump\u2019s letter also made clear that sector-specific tariffs on steel, aluminum, autos, and soon-to-be-implemented copper duties<\/a> will be excluded from the 35% rate, as those goods already face duties from 25%-50%.<\/p>\n

It was a capper on a week filled with nonstop additional tariff headlines \u2014 from record tariff revenues<\/a> to surprise 50% duties on Brazil<\/a> to additional letters to 20+ nations<\/a> and unveiling of 50% duties on copper<\/a>.<\/p>\n

Yet the expected continuation of some carveouts for Canada \u2014 as well as an Aug. 1 start date for all these new duties \u2014 may provide a measure of relief for markets that retreated Friday on the tariff threats<\/a> and backed away from all time-highs as investors digested Trump’s latest surprise.<\/p>\n

The potential carveout for USMCA-compliant goods is significant, as experts often estimate that those excluded goods under the 2020 agreement make up around 40% of US imports from Canada.<\/p>\n

Oil and the fertilizer potash have also long been keen areas of interest.<\/p>\n

Americans not only consume Canadian oil, but American refiners often mix crude oil from Canada with American crude oil, leading to fears that a cutoff would create a ripple effect on US production.<\/p>\n

Likewise, with fertilizer, many agricultural states are highly dependent on the potassium-based potash that comes in from Canada in order to grow their crops.<\/p>\n

As Iowa Sen. Chuck Grassley put it earlier this year<\/a> in a social media post: “I plead w President Trump to exempt potash from the tariff because family farmers get most of our potash from Canada.”<\/p>\n

Any relief may be tempered by the sense that these carveouts are likely to continue but remain on the table in Trump\u2019s often renegotiated deals.<\/p>\n

Story Continues <\/p>\n","protected":false},"excerpt":{"rendered":"President Trump surprised markets this past week with a letter announcing a 35% tariff on Canadian goods, but…\n","protected":false},"author":2,"featured_media":2610,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,971,101,968,3124,3123],"class_list":["post-2609","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-canadian-goods","tag-economy","tag-president-trump","tag-united-states-mexico-canada","tag-white-house"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/2609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=2609"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/2609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/2610"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=2609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=2609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=2609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}