Canada, Mexico spared from worst of Trump's latest tariff blitz

Open this photo in gallery: A drone view shows trucks crossing into the United States via the Zaragoza-Ysleta border bridge in Ciudad Juarez, Mexico, on April 2.Jose Luis Gonzalez/Reuters While U.S. President Donald Trump took a sledgehammer to the global trading system on Wednesday, he offered a reprieve to Canada and Mexico, potentially putting his neighbours at a competitive advantage if they stay within the bounds of the continental trade agreement. In his most sweeping protectionist measures yet, Mr. Trump placed a 10-per-cent baseline tariff on imports into the U.S., with considerably higher tariffs on dozens of trading partners including…