In the face of tariff threats from the Trump administration, Canadian leaders gathered Friday to map out a strategy for shifting exports from the U.S.
Justin Trudeau, Canada 's prime minister, speaks during the Canada -US Economic Summit in Toronto, Ontario, Canada , on Friday, Feb. 7, 2025.
Since his election in November, Trump has repeatedly said Canada could avoid tariffs by becoming the 51st state. While the Trudeau government initially brushed off the comment as a joke, the jab took on a more menacing tone after Trump pledged in January to use “economic force” to compel the union and dismissed the border as an “artificially drawn line.”
Trump signed an order Feb. 1 to put 25% tariffs on most of what Canada and Mexico sell to the US, upending the countries’ longstanding trade agreement. Trudeau’s government responded by pledging similar levies. Executives attending Friday’s event included Kingsdale Advisors Chair Wes Hall, Linamar Corp. Executive Chair Linda Hasenfratz and Peter Tertzakian, an energy economist who is the founder of the ARC Energy Research Institute.
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