> At around 5% to 7%, the effective tariff rate that the US imposes on imports of Canadian goods remains among the lowest in the world. That’s because of a carve-out for goods that cross the border under the US-Mexico-Canada Agreement, the trade treaty between the North American nations.
That’s why I’m so frustrated by the shouts of “elbows down!” against the attempts to maintain USMCA.
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Further reading:
[National Newswatch | Federal government posts $3.3 billion deficit from April to June](https://nationalnewswatch.com/2025/08/29/federal-government-posts-3-3-billion-deficit-from-april-to-june)
[Canada’s tariff revenue surges – but nowhere close to Ottawa’s projections – The Globe and Mail](https://www.theglobeandmail.com/business/article-canada-tariff-revenue-us-trade-import-usmca/)
[The summer funk isn’t over yet for young, jobless Canadians – The Globe and Mail](https://www.theglobeandmail.com/business/article-young-jobless-canadians-summer-unemployed-gen-z/)
[Bank of Canada rate cut odds just rose, says CIBC | Financial Post](https://financialpost.com/news/bank-of-canada-rate-cut-odds-rise-cibc?itm_source=index)
[Canadians give Ottawa a passing grade, while seeing extraordinary economic pressures.](https://bruce728.substack.com/p/canadians-give-ottawa-a-passing-grade) – Bruce Anderson substack
Other news:
[Trans Mountain board chair to lead new federal Major Projects Office based in Calgary | CBC News](https://www.cbc.ca/news/politics/major-projects-office-carney-1.7620935)
[Politicians express outrage at ‘vile’ attack on Jewish woman | CBC News](https://www.cbc.ca/news/canada/ottawa/politicians-express-outrage-at-vile-attack-on-jewish-woman-1.5301751)
[The Handmaid’s Tale among more than 200 books to be pulled at Edmonton public schools | CBC News](https://www.cbc.ca/news/canada/edmonton/edmonton-school-books-removal-1.7620807)
[A defeated NDP means labour, progressive movements have to ‘fill that void,’ says CUPE head Hancock – The Hill Times](https://www.hilltimes.com/story/2025/08/29/a-defeated-ndp-means-labour-progressive-movements-have-to-fill-that-void-says-cupe-head-hancock/471465/)
[Who on earth is buying [houses] in this market? | Financial Post](https://financialpost.com/real-estate/buying-new-homes-canadas-chilly-housing-market?itm_source=news&tbref=hp)
[Canada banks’ business booming, but CEOs not taking victory lap | Financial Post](https://financialpost.com/fp-finance/banking/canada-banks-business-booming-ceos-not-taking-victory-lap?itm_source=index)
[National Newswatch | Poilievre wants ‘reasonable’ self-defence defined in Criminal Code](https://nationalnewswatch.com/2025/08/29/poilievre-wants-reasonable-self-defence-defined-in-criminal-code)
!ping Can
> At around 5% to 7%, the effective tariff rate that the US imposes on imports of Canadian goods remains among the lowest in the world. That’s because of a carve-out for goods that cross the border under the US-Mexico-Canada Agreement, the trade treaty between the North American nations.
That’s why I’m so frustrated by the shouts of “elbows down!” against the attempts to maintain USMCA.