OTTAWA — U.S. President Donald Trump today imposed tariffs on imports from Canada and Mexico.
The president's executive order hitting Canada and Mexico with 25 per cent across-the-board tariffs, with a lower 10 per cent levy on Canadian energy, took effect at 12:01 a.m. ET.
The council says the residential construction industry is already “in dire straits due to a perfect storm of issues” and the tariffs will only make things worse. He says American products will be removed from Newfoundland and Labrador Liquor Corporation shelves and is calling on residents to buy Canadian-made products."We stand with Team Canada as we stand strong, together," he says."Our identity, our values and our sovereignty will give us the strength to stand against any bully."NDP Leader Jagmeet Singh is calling for an emergency session of Parliament.
He says a long-term solution is needed to remove the “unjustified” tariffs and ensure “stability and competitiveness for all North American businesses.”Republican John Thune, the Senate majority leader from agriculture-heavy South Dakota, is expressing some hesitancy abut the tariffs.He says he believes Trump is trying to shut down fentanyl traffic with the devasting duties on Canada and Mexico.
"These tariffs are not just numbers on paper; they represent an immediate threat to the livelihoods of thousands of Nova Scotian workers and their families," Cavanagh says.Dan Kelly, president of the Canadian Federation of Independent Business , says in a media statement that provinces and territories urgently need to work together to remove interprovincial trade barriers.
“They've done a nice job on the border but they haven’t stopped the flow of fentanyl,” Lutnick told CNBC. New Brunswick Premier Susan Holt says the sectors they expect will take the biggest tariff hit include agriculture, fisheries, forestry and manufacturing. About half of New Brunswick's exports to the U.S. are refined petroleum products from the Irving Oil refinery in Saint John — the largest refinery in Canada.Provincial Intergovernmental Affairs Minister Jean-Claude D’Amours says New Brunswick is ready to remove half of its interprovincial trade exceptions under provincial procurement rules.Stock markets in Canada and the U.S. fell at the start of trading Tuesday, continuing the plunge that began late Monday after the U.S.
The April gold contract was up US$17.70 at US$2,918.80 an ounce and the May copper contract was down four cents at US$4.57 a pound.Bea Bruske, Canadian Labour Congress president, says there are 1.5 million Canadian jobs on the line due to American tariffs. Paul says that tariffs will lead to lowered U.S. exports for agricultural products and bourbon - a key export in his home state of Kentucky.Candace Laing, Canadian Chamber of Commerce president and CEO, says that Trump's move to enact broad-based tariffs on Canada is forcing both countries toward a"recession, job losses and economic disaster."
Because that didn't happen, Hyder says that any Canadian response should be"strategic" to avoid compounding the harm and driving costs higher for Canadian families.United Steelworkers union national director Marty Warren says Trump is trying to"crush Canadian workers" and force the government into"submission" with these tariffs.
Other measures being enacted in Nova Scotia include removing American liquor from provincially run stores, working to remove interprovincial trade barriers and further developing natural resources.Brian Kingston, Canadian Vehicle Manufacturers' Association president and CEO, says the tariffs will have"immediate" negative consequences for the North American vehicle supply chain.
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