NYT > World News What Do Trump’s Tariff Hikes Mean for Canada’s Trade-Dependent Economy? Par :Ian Austen 2 août 2025 à 06:00 After Canada failed to strike a trade deal with Washington, the president raised tariffs on some Canadian exports this week. © Blair Gable/ReutersTiff Macklem, the governor of the Bank of Canada, said that tariffs on cars, steel and aluminum were “having a very direct, severe effect” on some industries.