AGP Executive Report
Last update: 24 minutes agoCanada-U.S. Tariff Escalation: Canada’s retaliatory tariffs on about $20B (C$27.6B) of U.S. goods kicked in just after midnight Tuesday, with duties set at 15%, 25% and 50% on hundreds of products. The list hits steel and aluminum, dairy (including milk, cream, whey, cheese and curd), agricultural equipment, pulp and paper, appliances, electronics, and more—matching Washington “dollar for dollar” after talks collapsed. Farm & food exposure: The new levies directly target farm-adjacent inputs and food categories, raising the stakes for Canadian producers already watching market access and input costs. Trade-war ripple effects: Officials warn the move could lock in an escalatory spiral and add uncertainty for the broader USMCA relationship. Bombardier spillover: The tariff fight also broadened politically as Trump threatened to block Bombardier jets from the U.S. unless they’re built in America, drawing pushback from a Republican senator tied to Bombardier’s U.S. workforce.
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