U.S. President Donald Trump says he’ll announce Monday the United States will impose 25 per cent tariffs on all steel and aluminum imports, including from Canada and Mexico.
Trump wants us to lose our cool. But we need to stay united, with the right response. In the short term, Canada needs to manage foreign trade threats with dollar-for-dollar tariffs and supports for our critical steel and aluminum workers. And as we look to the future, we’ll need a coordinated strategy to boost investment, make our companies more competitive, and diversify our trading partners.
Singh said that Canada can’t be vulnerable to the whims of a president who wants to attack his closest allies. Trump also intends this week to reset U.S. taxes on all imports to match the same levels charged by other countries, all of which comes on top of the 10% tariffs he already put on China, China’s retaliatory tariffs that started Monday and the U.S. tariffs planned for Canada and Mexico that have been suspended until March 1.
In a post to X on Monday afternoon, LeBlanc said, “Our conversation focused on our common objective – building a strong North American economy that benefits citizens and industries on both sides of our shared border.” Ford, who is heading to Washington, D.C., this week in his role as Ontario premier, says his team is in “constant communication” with federal officials and other premiers on the issue.As U.S. President Donald Trump reaffirms his desire to make Canada the 51st state, NDP Leader Jagmeet Singh is singling out Tesla CEO Elon Musk – who is a member of Trump’s administration – and calling for a 100 per cent tariff on Tesla imports.
Speaking in Iqaluit this morning, Poilievre says that money collected by counter tariffs would go back to Canada’s steel and aluminum industry, with any surplus used for broader tax relief. “Who knows what Trump is going to announce today, who knows what the timing might be but just the destabilization that this president is causing for my community, it is already devastating.”“People are worried about their jobs, they’re worried about the families, their worried about being able to make ends meet.”S&P/TSX Composite Index
Global shares were trading mixed on Monday, as investors found bargains despite worries about U.S. President Donald Trump’s tariffs. Full story
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