Decarbonization
October 9, 2025
The Northwest Passage: Bargaining chip for Canada and Section 232?
Written by Greg Wittbecker
The market is excited about news that Canadian Prime Minister Mark Carney and U.S. President Donald Trump are meeting again, renewing hope that a deal will be struck to give Canada some relief from 50% Section 232 tariffs.
Ever since Canada’s exemption was stripped earlier this year, the market has been handicapping if and when Canada could claw back some of the advantages it previously enjoyed.
