An exemption spares Canada and Mexico from most tariffs imposed on goods. Although Mexico is currently in negotiations with the U.S. government, last week, President Donald Trump handed down 35% duties for goods coming out of The Great White North.

Mexico’s president hosted senior Canadian ministers for talks after both countries were hit with new tariff threats last week.

Mexico's president on Tuesday hosted senior Canadian officials to discuss strategy in the face of US President Donald Trump's trade tariff offensive.