Canada may face lower tariffs from U.S. measures

A recent report from the Toronto Star suggests that Canada may face lower tariffs from the U.S. starting on April 2. However, this information is not guaranteed. Sources indicate that President Trump might impose three different levels of tariffs: low, medium, and high. The exact levels are still unclear. Some believe that Canada's understanding aligns with this tiered approach, despite previous reports suggesting it might not happen. There are concerns about how Canada will respond to these potential tariffs. The U.S. might be using the threat of high tariffs—up to 25%—as a strategy to make a 5% or 10% tariff seem more acceptable to Canada without causing a strong backlash. Overall, many questions remain about the exact details and potential retaliation from Canada.