The United States raised its baseline tariff rate on Canada from 25 to 35 percent last week, but amid a variety of tariffs imposed in recent months, it can be difficult to track which goods are actually hit with an import tax when crossing the border.
The 10-percentage-point increase appears significant, but there is an important nuance to what products these tariffs apply to, given that many Canadian exports are compliant with the United States-Mexico-Canada Agreement (USMCA) and are thus not subject to the tariff.
