US-Canada tariff war spares oil and gas due to mutual dependence
Published 19 h ago8 sourcesEvidence: Reported
The U.S. has removed tariffs on certain Canadian products, including specific valves, carpets, and waste-derived goods, while other tariffs remain. This partial rollback signals a targeted easing of trade restrictions, though the scope is limited and broader tariff tensions persist.
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The US will partially lift 50% tariffs on select Canadian goods (plywood, paper products, machinery, refrigeration equipment) effective October 30, while simultaneously imposing new tariffs on other items (valves, carpets, waste-derived goods). This action represents a targeted adjustment rather than a broad de-escalation of bilateral trade tensions. The rationale for this specific rebalancing of tariffs remains unclear.
Published 19 h ago8 sourcesEvidence: Reported
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