Despite President Trump’s global trade pressure and looming tariff deadlines affecting many nations, Canada remains notably exempt from Wednesday’s tariff ultimatum. While still facing targeted tariffs on steel, aluminum, automobiles, and fentanyl-related products, Canada operates under a separate bilateral-negotiation timeline, with Prime Minister Mark Carney working toward a new security and economic partnership by July 21.

This special treatment follows productive White House discussions in May along with Canada’s recent concession on its digital services tax. As the Trump administration prepares to announce several trade deals within the next 48 hours, and potentially impose elevated duties on non-compliant nations by August 1, Canada’s exemption from the global “Liberation Day” tariffs highlights its unique position in Trump’s international trade strategy. While having been missed in this upcoming round of U.S. tariff updates, Canadians remain watchful of U.S. agreements with other countries for insights into upcoming negotiations.