5 Things Canadians Get Wrong About the 2026 Tariffs

50% tariffs hit Canada — but 95% of exports are safe. 1. The U.S. tariffs that took effect August 22, 2026 cover roughly $20 billion in Canadian goods — that’s only about 5% of Canada’s total exports to the U.S., so the damage is real but far narrower than the scary headlines suggest. → $20 billion 2. Big relief for energy investors: oil, natural gas, potash, fish, critical minerals, and steel and aluminum products are all exempt from these particular tariffs, so heavily-weighted Canadian energy and materials holdings aren’t directly hit by this round. 3. Canada fires back — Prime Minister Carney announced dollar-for-dollar retaliatory tariffs starting September 8, 2026, targeting U.S. steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, so Canadian producers in those spaces get some relief. → September 8 4. Don’t panic-sell your diversified Canadian portfolio — a 50% tariff on 5% of exports is a very different investment thesis than a blanket tariff, and knee-jerk selling in a narrowly affected trade dispute usually does more harm than good. → 5% Full breakdown at getwealthy.blog 📖 Want the full breakdown? Read the full guide on our blog: https://getwealthy.blog/us-trade-war-canadian-investors/ 🌐 getwealthy.blog #canadafinance #personalfinance #canadianmoneytalk #moneytips #canada