Canadian manufacturing faced a significant downturn in April 2025, with sales plummeting 2.8% due to U.S. tariffs, particularly impacting steel, aluminum, and auto industries. This decline resulted in a record trade deficit and a contraction in factory orders,

Sales of vehicles made in Canada plunged by nearly 23 percent in April after President Trump imposed a 25 percent auto tariff.

Donald Trump's administration in the United States reimposed tariffs on Canadian items, including agricultural products, citing supposed national security concerns. Agricultural products have little to do with defense,

Consumer sentiment improved more than expected in June, indicating a swell of optimism as President Donald Trump rolled back some tariffs in recent weeks.

What's happening: The U.S. government is imposing tariffs up to 25% on key goods from Mexico and Canada. Goods from China were temporarily rolled back from 145% to 30% as of May 14, 2025, for a span of 90 days. On June 11, President Donald Trump said the U.S. and China reached an agreement, with tariffs on Chinese imports set at 55%.

Here is what you need to know about Canada’s current trading relationship with China, the dispute the two countries are embroiled in, how the relationship could be repaired and what Canada stands to gain from expanding ties with China. China is Canada’s second largest trading partner after the U.S.

Canada’s trade-driven sectors are showing clearer signs of a pullback in activity brought on by US President Donald Trump’s tariffs.

While Donald Trump's wide-ranging taxes on imports face scrutiny in court, he has touted a new "deal" with China that will see tariffs against the country remain at historic levels. Here's what it will mean for you.