On July 10, 2025, the US Government made clear its intention to increase tariffs on Canada from the current 25% to 35% beginning on August 1st if a new trade deal is not made.

At this time, it has not been made clear which goods would be affected by this increase, and at the time of reporting, no final decisions have been made.

Leadership in both the Canadian and US governments has been working to make a new trade deal, and a statement from the Canadian PM confirmed their goal of having one in place before August 1st.

To be kept abreast of the latest as it happens, you are encouraged to:

• Visit our Tariff Resource page
• Get in contact with our team at our tariff hotline at 1.888.908.6638
• Email us directly at tariffquestions@pcbglobaltrade.com 
• Or subscribe to the Trading Post newsletter 

Reported stories are, by their nature, fluid and do not contain confirmed or official documentation from the US Federal Register or the Canadian Gazette. Reported stories are subject to change and should be considered reputable. You are encouraged to investigate further with your news outlet of choice.