White House says no baseline 10% tariff on Canada and Mexico, no changes for them

The White House initially told the CBC and CNBC that the 10% tariff rate also applied to Mexico and Canada. In that case, it would have been a tariff hike. Now they're saying that the 10% rate doesn't apply, at least to Canada, according to the CBC.

Now we get further clarity that nothing has changed with Canada and Mexico.

So the USMCA region remains where it was before, which was no tariffs on USMCA-compliant goods, and 25% on non-compliant goods. There is also a hodge-podge of tariffs on steel, aluminum and autos (with a delay on parts).

In any case, nothing has changed here. I had assumed that something was lost in translation and it's concerning that the White House and Bessent both got it wrong on their #2 and #3 trading partners initially. But I guess that's the way it's going to go.