According to a White House fact sheet, goods transshipped to another country to evade the new tariffs would be subject to a transshipment levy of 40%.

Prime Minister Mark Carney said Friday that he was “disappointed” but would work to build Canada’s economic resiliency and diversify its trading relationships.

With President Donald Trump's dramatic tariff hikes on the cusp of starting, countries around the world scrambled on Thursday to finalize their trade frameworks with the United States, figure out the tax rates their goods might face and prepare for the unknown.