US Tariff Exposure
US Tariffs on Canada
Updated August 2026 · source: USTR Section 301 & Federal Register
Canada is America's #1 trading partner. A 25% tariff hits Canadian lumber (making new homes more expensive), oil, cars made across the border, and dairy products. Building a house could cost thousands more.
Canada tariff rates by sector
| Sector | US tariff rate | Source |
|---|---|---|
| Automotive | 25% | USTR / official |
| Steel & Aluminum | 25% | USTR / official |
| Dairy | 25% | USTR / official |
| Energy & Oil | 25% | USTR / official |
| Lumber | 14.5% | USTR / official |
Canada trade & debt exposure to the US
- U.S. Treasury Holdings $254B 3rd largest foreign holder
- Trade Deficit (Annual) $63.8B 2024 goods trade deficit
- FDI in U.S. $607B Foreign direct investment stock
- U.S. Corporate Bonds $192B Private sector holdings
Canada tariffs — FAQ
What is the US tariff rate on Canada?
Canada faces an effective US tariff of 50%, with Automotive seeing the highest sector rate at 25%. Rates are drawn from USTR Section 301 schedules and recent Federal Register actions.
Which Canada sectors are hit hardest by US tariffs?
Automotive (25%), Steel & Aluminum (25%), Dairy (25%).
What does Canada's tariff impact score mean?
70/100 — FinBrio's impact score combines the headline tariff rate, how many sectors are affected, and the country's trade exposure to the US into a single 0–100 measure of how hard US trade policy hits it.
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