While the effects of U.S. President Donald Trump's 25 per cent tariffs on a sweeping range of Canadian imports are widely discussed, their impact on Americans is often overlooked, especially by policymakers south of the border.

According to the signed executive orders on Saturday, the new duties on Canadian goods entering the United States will be fully in force by Tuesday, February 4, 2025.

Coordinated between the Canadian federal and provincial governments, Canada will retaliate with its own tariffs on select American goods starting on the same day, with an initial tariff on $30 billion worth of goods targeting orange juice, peanut butter, alcohol, coffee, appliances, apparel, footwear, motorcycles, cosmetics, and pulp and paper.

Later in February, a second phase of retaliatory tariffs on American goods worth $125 billion could be rolled out, such as on beef, pork, dairy products, certain fruits and vegetables, passenger vehicles, trucks and buses, and steel and aluminum products.

In a letter addressed to Trump on Friday, just prior to the signing of the tariff executive orders, the U.S. National Association of Home Builders (NAHB) warns the 25 per cent tariffs on both Canada and the United States "will have the opposite effect" of Trump's inauguration day executive order that "seeks to increase housing supply and affordability."

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