Canada and Mexican goods covered under the CUSMA agreement until April 2nd.

Trump has come under heavy criticism both in Canada and the U.S. for his plan to place 25 per cent tariffs on all goods entering the United States from Canada and Mexico. The United States is Canada’s biggest trading partner and supply chains and production is intrinsically intertwined thanks to decades of bringing down trade barriers between the three nations.

Trump has linked the economic measures against his neighbouring countries ostensibly to force greater action to stem the flow of fentanyl into the United States, but the small amount of fentanyl stopped at the U.S.-Canada border last year is tiny compared to the amount that crosses into the States from Mexico.

Both Prime Minister Justin Trudeau and NL Premier Andrew Furey have cast doubt about what the ultimate reason behind the tariffs might be, suggesting they’re an attempt to destabilize the economy. The measures have received considerable push-back from American industry as well, particularly the ‘Big Three’ auto manufacturers in the U.S. and came with retaliatory tariffs from Canada.