Inu Manak on the future of North American economic integration

US-Canada trade remains structurally stable at ~3% average tariffs despite a politically charged standoff centered on Section 232 truck tariffs.

• Low headline tariffs persist: Average US tariffs on USMCA partners sit near 3%, versus roughly 8% for the rest of the world, despite trade-war rhetoric.
• Auto/truck tariffs broke talks: A 25% Section 232 tariff on trucks (vs. 15% on other autos) derailed US-Canada renegotiation since Canada builds Ford Super Duty trucks in Ontario.

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