Canada’s biased media is continuing to incite fear over tariffs in an effort to control the outcome of the upcoming Canadian election. The media ought to be reporting the good news from the April 2, 2025 announcement, so let’s hope that the word gets out.
- Canada was not on the list for reciprocal tariffs. As per the Whitehouse fact sheet, Canada was exempt. https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/
- USMCA compliant goods will also remain at 0%. What is USMCA compliant you may ask? USMCA-compliant goods are products meeting the United States-Mexico-Canada Agreement’s rules of origin, qualifying for tariff benefits when traded between the U.S., Mexico, and Canada. Example: A car built in Ontario, Canada, with 75% of its parts sourced from Canada or the U.S. Non-compliant goods would be those made in China and shipped through Canada.
- In a symbolic gesture only, the US Senate votes to block Canadian tariffs to rebuke Trump’s trade agenda. https://www.theglobeandmail.com/canada/article-us-senators-vote-to-block-trumps-canadian-tariffs-in-stinging-but/
This news bodes well for Canada, giving great hope at a quicker recovery for the economy and the real estate market if we do not fall prey to the doom and gloom being perpetuated by Canadian media.
Canada needs to get on the fentanyl issue as identified by the RCMP to end all threats of further actions by the USA against Canada.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
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E: LDALINDA@DALINDA.NET • TEL: 416-725-7170
Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.