Canadian and American flags on the Canadian side of the Ambassador Bridge in Windsor, Ont. Photo by GEOFF ROBINS/AFP via Getty Images files

The Canadian government failed to reach a trade deal with the United States before the Aug. 1 deadline. As a result, U.S. President Donald Trump increased the blanket tariff on imports of Canadian goods from 25 per cent to 35 per cent, while tariffs on steel, aluminum and some automotive imports have remained unchanged. Crucially, the so-called “ CUSMA exemption ” on goods that are compliant with the existing Canada-U.S.-Mexico trade agreement has also remained in place.

Many have pointed out that the lack of a deal makes Canada an outlier among U.S. trading partners. The EU, the U.K., South Korea, Japan and many others managed to clinch

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