# Canada’s ambassador warns Trump tariffs are driving up costs, threatening U.S. investment

- URL: https://talkfuse.com/story/canadas-ambassador-warns-trump-tariffs-are-driving-up-costs-threatening-u-s-investment/
- Published: 2026-11-11T22:30:57+00:00
- Updated: 2026-11-12T08:13:08+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/11/canada-ambassador-trump-tariffs-investments.html
- Topics: Americas, Business, World

## Key points

- Canada’s ambassador says tariffs are raising investment costs.
- US duties on Canadian imports reached $10 billion in 2025.
- Negotiations have resumed, with steel and cars in focus.

## Summary

Canada’s ambassador to the United States, Mark Wiseman, said President Donald Trump’s tariffs and shifting trade rules are raising the cost of investment and discouraging companies from expanding. His warning comes amid renewed negotiations between Washington and Ottawa and evidence that tariffs are adding to costs for US businesses and consumers.

The US and Canada exchanged about $570 billion in goods in the first nine months of 2026, less than in the same periods of the previous three years. US customs duties on Canadian imports rose to $10 billion in 2025, from $400 million in 2024; New York Fed research found importers bore nearly 90% of tariff costs, with some feeding through to consumer prices. Talks have restarted after collapsing in August, focusing on tariffs on Canadian steel and cars, while Wiseman called for certain duties to be removed.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.