Days before potential tariffs on Canadian goods, announced by President Trump, Canadian political leaders remain in the dark about the specifics. While Trump has threatened tariffs up to 25% on Canadian imports, his administration's messaging on the reasons behind these tariffs has been inconsistent. The Canadian government is preparing both retaliatory tariffs and a multibillion-dollar aid package for Canadians and businesses should Trump follow through with his threats.
Days before tariffs that have the potential to cripple Canada 's economy are expected to come into effect, the country's political leaders are still in the dark about what exactly U.S. President Donald Trump will do.President Donald Trump signs an executive order in the Oval Office of the White House, Monday, Jan. 20, 2025, in Washington. One of his first orders called on several U.S. departments to investigate trade deficits and border issues.
Natural Resources Minister Jonathan Wilkinson said any aid package that the government might implement would depend on what industries are impacted by the potential tariffs. "We will respond in kind. Needless to say we will respond with tariffs of our own and beyond that — depending on the scale of these measures," he said.The president's messaging around why the proposed tariffs are necessary have been mixed. Trump has said in some instances that he's worried about drugs and migrants entering the U.S. from Canada, and at other times he's cited a trade deficit as his irritant.
"This is a separate tariff to create action from Mexico and action from Canada and as far as I know they are acting swiftly and if they execute it, there will be no tariff," he said, before adding that other tariffs focused on trade issues are still being looked at.
TRUMP TARIFFS CANADA ECONOMICS INTERNATIONAL RELATIONS TRADE
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