Section 232 tariffs on steel, aluminum, and copper can reach 50% and sit entirely outside CUSMA's protection, a gap that matters more after the United States declined on July 1 to renew CUSMA for a new sixteen year term. The agreement stays in force through 2036, but is now subject to annual review rather than the original six year cycle. With roughly 76% of Canada's goods exports going to the United States, that annual cycle now touches the majority of export revenue for trade exposed, Canadian-controlled private corporation owners.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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