Trump Keeps CUSMA Carveout in New 10% Global Tariff
February 21, 2026·4 days ago·via Times Colonist
President Trump signs an executive order imposing a 10% global tariff using Section 122 of the 1974 Trade Act after the Supreme Court blocked his prior tool, with the levy taking effect in three days and lasting up to 150 days unless Congress extends it. Crucially, he preserves the carveout for CUSMA-compliant goods, shielding the majority of Canadian exports and avoiding stacking on existing sector-specific tariffs like steel, aluminum, and autos.
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