U.S. President Donald Trump enacted 25% tariffs on Canadian goods, excluding energy at a lower 10%, triggering concerns of a trade war. Canadian officials expressed dismay and vowed to retaliate, while industry groups warned of economic repercussions for both countries.
WASHINGTON — U.S. President Donald Trump will hit Canada with 25 per cent tariffs on Tuesday, with a lower 10 per cent duty for energy — laying the foundation for a trade war with America's closest neighbours.
"But I want to reassure each and every Canadian: no matter who you are or where you live, we are prepared and ready to fight for you," said Wilkinson, who recently travelled to Washington to meet with Republican lawmakers.Some say everything must be on the table, while Alberta Premier Danielle Smith and Saskatchewan Premier Scott Moe have said exports of oil and other resources like potash should not be included in retaliation plans.
Industry, business organizations and labour unions have shared their disappointment and concern, noting the duties destroy decades of goodwill and market integration between the two countries. Crockatt cautioned the Canadian government against any “knee jerk” reaction that could hurt Canada further, including counter tariffs or embargoes on energy.
Economics TARIFFS CANADA TRADE WAR UNITED STATES ECONOMY
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