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United States–Canada–Mexico trade war Date February 1, 2025 (2025-02-01) – present (3 weeks and 1 day) Location United States Canada Mexico Status Ongoing U.S. tariffs on Canada and Mexico set to begin on March 4 after both countries negotiate a one-month delay Parties United States Canada Mexico Lead figures Donald Trump Justin Trudeau Claudia Sheinbaum A trade war began between the ...
1965: Canada–United States Automotive Products Agreement (Auto Pact) 1973–1979: Tokyo round of GATT; 1988: Canada–United States Free Trade Agreement; 1993: North American Free Trade Agreement (NAFTA) 1994: World Trade Organization created; 1997: Canada–Israel Free Trade Agreement (CIFTA) 1997: Canada–Chile Free Trade Agreement (CCFTA)
President Donald Trump on Monday delayed the 25% tariff he was set to impose on imports from Canada and Mexico this week, providing a 30-day reprieve for American retailers and manufacturers.. But ...
Mexico and Canada make up the top two U.S. trading partners for both finished motor vehicles and car parts, according to a Cato Institute analysis of data from the U.S. International Trade Commission.
Mexico and Canada are two of the US's largest suppliers of agricultural products and accounted for $45.4 billion and $40.1 billion, respectively, in 2023, per the USDA.
Canada is a founding member of the World Trade Organization (WTO) since 1 January 1995, having been an original GATT member since 1 January 1948. The North American Free Trade Agreement (NAFTA), which is held with Canada by the United States and Mexico , came into force on 1 January 1994, creating the largest free trade region in the world by GDP.
Mexico is the second-largest source of US imports — at about 14% — followed by Canada — about 13.5%, meaning Trump’s tariffs will impact roughly 44% of the overall value of incoming products.
The Trade Controls Bureau (TCB) authorizes, under the discretion of the Minister of Foreign Affairs, the import and export of goods restricted by quotas and/or tariffs.It also monitors the trade in certain goods and ensures the personal security of Canadians and citizens of other countries by restricting trade in dangerous goods and other materials.