New tariffs are redirecting production and trade, giving some Canadian exporters a relative U.S.-market advantage while raising costs and uncertainty across the economy.
Prime Minister Mark Carney says Canada remains in talks with the United States despite an increasingly hostile exchange with President Donald Trump. Existing US duties already cover Canadian steel, aluminum and automobiles, while a threatened 50% tariff on additional goods is scheduled for August 19 but is not yet in force.
Pacific Energy says Middle Eastern companies are seeking Canadian LNG cargoes, equity and offtake positions as disruption around the Strait of Hormuz reshapes supply-security planning. Woodfibre LNG’s 2.1 million tonnes a year are already contracted to BP and first exports are targeted for December 2027, so current approaches do not represent available spot supply or signed new deals.
