Donald Trump posted to Truth Social on Monday that he plans to sign an executive order imposing a 25 per cent tariff on all products coming into the United States from Canada and Mexico. Here are five things to know about the president-elect's threat and what it means for Canada.
Donald Trump posted to Truth Social on Monday that he plans to sign an executive order imposing a 25 per cent tariff on all products coming into the United States from Canada and Mexico.During the election campaign, Trump had promised to introduce a universal 10 per cent tariff on all American imports. Modelling by the Canadian Chamber of Commerce had suggested that would reduce the size of the Canadian economy by around one per cent, or $30 billion per year.
Trump will face opposition to his plan within his own country's borders. The U.S.-Canada relationship represents one of the world's most integrated economies, with $3.6 billion in daily cross-border trade, so plenty of U.S. companies stand to be hurt by punitive import tariffs. Other experts have suggested that certain industries, such as energy, could avoid being hit with punitive tariffs simply because the sectors are too integrated on either side of the border and the impact on the U.S. consumer would be severe.The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.
Israel strikes crowded neighborhood in Beirut as part of its biggest attacks on Lebanese capital since start of the war.In his defeat of Democrat Kamala Harris, Donald Trump won a bigger percentage of the vote in each one of the 50 states, and Washington, D.C., than he did four years ago.
The family of a soldier who fought during the Second World War has been reunited with letters written to him 80 years ago.The holidays may be a time for family, joy and togetherness, but they can also be hard on the wallet.Humans weren’t the only ones who struggled through the bomb cyclone that formed off the B.C. coast this week, bringing intense winds and choppy seas.
Alberta Premier Danielle Smith says Donald Trump’s concerns about the border are valid, as the president-elect threatens sweeping tariffs on Canadian goods.Nova Scotians head to the polls to vote in snap election; results delayed by an hour Sask. premier says Trump tariff on products would be 'disastrous' for food security, energy, employment
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