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CUSMA Review 2026: What Happens on July 1 — and What It Means for Your Wallet

The trade deal that governs nearly $1.3 trillion in Canada-U.S. commerce is up for review in less than a week. Here's what's at stake for Canadian families — and how to protect your budget whatever happens next. By MoneySavings.ca Staff  |   June 25, 2026 Canada Day is almost here — and this year, July 1 carries a lot more weight than fireworks and barbecues. On that same date, Canada, the United States, and Mexico are required to sit down for the first mandatory review of the Canada–United States–Mexico Agreement , known in Canada as CUSMA (and in the U.S. as the USMCA). The outcome of these talks will help shape the price of your groceries, your next car payment, Canadian jobs, and the overall cost of living for years to come. If you've heard the buzz but aren't sure what it all means for your household budget, you're in the right place. Here's your plain-language breakdown. What Is CUSMA — and Why Should You Care? CUSMA replaced the old NAFTA deal in 2020 an...
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Trump Administration Announces Tariffs on Canada, Mexico, and China Starting Saturday


The White House has confirmed that President Donald Trump will impose tariffs on imports from Canada, Mexico, and China starting this Saturday. According to White House Press Secretary Karoline Leavitt, the tariffs will be 25% on imports from Canada and Mexico, and 10% on goods from China.

The decision follows through on Trump's earlier threats aimed at pressuring these countries to halt the flow of migrants and fentanyl across their borders. Despite concerns about potential price increases for U.S. consumers, Leavitt emphasized that these measures are part of the administration's commitment to "promises made and promises kept".

The tariffs are set to take effect without any exemptions, raising questions about their impact on the economy and trade relations. The administration remains firm on its stance, with Leavitt stating that the President is determined to implement these tariffs while addressing inflation and costs for Americans.




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