This article explores the reactions of Canadian politicians and business leaders to Donald Trump's inauguration as President of the United States and his threat to impose tariffs on Canada.
OTTAWA — Canadian politicians and groups are reacting to Donald Trump 's inauguration as the president of the United States on Monday. While Trump initially vowed to implement damaging tariffs on Canada on his first day in office, his team is now suggesting that these levies won't be imposed immediately. Prime Minister Justin Trudeau emphasized the strong economic partnership between Canada and the United States, highlighting the mutual benefits of trade and investment.
He expressed his commitment to strengthening this relationship and working collaboratively with the Trump administration to deliver prosperity for both nations. Trade Minister Mary Ng acknowledged the potential for tariffs but noted a temporary pause. She emphasized the integrated nature of the two economies and the need for careful consideration before implementing any trade restrictions. Ng saw this as an opportunity to demonstrate the importance of the unique trade relationship between Canada and the United States.Provincial leaders also weighed in on the situation. Alberta Premier Danielle Smith expressed concern about Trump's potential targeting of Canada, particularly Ontario's manufacturing sector. Ontario Premier Doug Ford acknowledged the ongoing uncertainty and urged preparedness for potential tariffs. Quebec Premier François Legault welcomed the initial lack of mention regarding Quebec and viewed it as a temporary reprieve. Liberal MP John McKay, co-chair of the Canada-United States interparliamentary group, characterized the situation as a reprieve and stressed the need to continue advocating for the benefits of collaboration between the two countries.Leaders from various business organizations also shared their perspectives. Goldy Hyder, president and CEO of the Business Council of Canada, emphasized the importance of ongoing education about the benefits of economic integration between Canada and the United States. Candace Laing, president and CEO of the Canadian Chamber of Commerce, highlighted the detrimental impact of both tariffs and the constant threat of tariffs on business decisions, investment, and economic stability. Unifor president Lana Payne underscored the potential dangers posed by trade uncertainty and the need for proactive measures to protect Canadian workers and industries
CANADA TRUMP TARIFFS ECONOMY POLITICS
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Politicians Urge Trump to Avoid TariffsCanadian politicians, including Alberta Premier Danielle Smith, have been making efforts to persuade Donald Trump to avoid imposing tariffs on Canadian goods. The article explores Smith's recent visit to Trump's Mar-a-Lago estate and examines the potential impact of her meeting on Trump's decision.
Read more »
Canadian Farmers and Businesses Urge Quick Economic Action Amid Trump Tariff ThreatsOntario farmers and businesses are calling for swift action from Canada's next leader to address potential economic harm from U.S. President-elect Donald Trump's tariff threats. They express concerns about the impact of Trump's policies and emphasize the need for a strong economic focus.
Read more »
Trump’s tariff threat weighing on Canadian businesses, BoC survey findsAccording to a new survey from the Bank of Canada, nearly a quarter of businesses in the country expect their costs to rise with Trump set to take office today
Read more »
Canadian Businesses Brace for Impact of Trump PresidencyA new survey by the Bank of Canada reveals that nearly a quarter of Canadian businesses anticipate rising costs due to Donald Trump's inauguration. The survey, conducted in December, found that 18% of businesses expect price increases and 40% foresee a negative impact on their operations from the incoming U.S. administration. While many businesses cite uncertainty about the new administration's policies, high costs and economic uncertainty are already affecting consumer spending.
Read more »
Canadian Businesses Brace for Impact of Trump PresidencyA Bank of Canada survey reveals that Canadian businesses are anticipating potential economic challenges due to the incoming U.S. administration under Donald Trump. The survey highlights concerns about rising costs and uncertainty surrounding trade relations with the U.S.
Read more »
Trump's tariff threat weighing on Canadian businesses: BoC surveyA Bank of Canada survey reveals that Canadian businesses are feeling the pressure from the threat of U.S. tariffs imposed by President Trump.
Read more »