No Deal For Canada: Trump Raises Tariffs To 35%
Posted On
August 07, 2025
On July 31, President Trump raised tariffs on imports from Canada to 35%. However, decorative hardwood products should be largely unaffected, as goods qualifying for preferential tariff treatment under the U.S.-Mexico-Canada Agreement (USMCA) are exempt and most decorative hardwood tariff codes are covered by the Section 232 national security review exemption from reciprocal tariffs.
There is another important provision that could address a longstanding problem: any goods found to be transshipped to evade the 35% tariff will be subject to a transshipment tariff of 40%.
Read more: Fact Sheet: President Donald J. Trump Amends Duties →