So will 2026 be the year the IEEPA tariffs die, and if so, what will it mean for Canada and Trump’s trade war? Reading the signalsWhile the administration has said it expects the court to rule in the president’s favour, most trade experts do not. With the renegotiation of the Canada-U.S.-Mexico Agreement (CUSMA) getting underway next summer, Packard also noted that continued IEEPA tariffs would be bad news for Canadian and Mexican negotiators. But CUSMA was deemed the “gold standard” of trade deals under the first Trump administration, Hale pointed out. Whatever the Supreme Court decides, the White House has made it abundantly clear it will pull other levers at its disposal to impose tariffs.

Source: National Post December 29, 2025 12:13 UTC