One Canadian economy
Reducing internal Canadian trade barriers is part of economic resilience. Federal, provincial and territorial work includes mutual recognition of goods, labour mobility and interprovincial trucking.
Allied diversification: Indo-Pacific
The CPTPP links Canada with 10 Indo-Pacific partners including Australia, Japan, Malaysia, New Zealand, Singapore and Vietnam, creating additional routes for trade and investment.
Allied diversification: Europe
CETA gives Canadian firms preferential access to the European Union, Canada’s second-largest trading partner. Diversification is not disengagement; it is leverage through options.
Canadian worker and business support package
The federal response announced August 25 includes $7.5 billion in new and enhanced measures for workers and businesses, in addition to previously announced supports.
Canadian counter-tariffs effective September 8
Canada will apply matching tariffs of 15, 25 and 50 per cent to $27.6 billion in U.S. imports beginning at 12:01 a.m. September 8, 2026. Targeted sectors include steel and aluminum, dairy, appliances, agricultural equipment, pulp and paper, plastics and electronics.
U.S. 50% tariff on $27.6 billion of Canadian goods
Effective August 22, 2026. The United States imposed a 50 per cent tariff on $27.6 billion of Canadian goods. This file tracks implementation and subsequent changes. Primary Canadian source: Department of Finance Canada, August 25, 2026.