The newly elected president of America, Donald Trump, has promised to impose a 25 per cent tariff of goods coming from Canada and Mexico starting from his first day in office on January 20. Ontario Premier Doug Ford issued a warning stating that such tariffs could be 'devastating' for the province's economy.
Ontario Premier Doug Ford is warning that Donald Trump ’s promise to impose a 25 per cent tariff on goods arriving in the United States from Canada and Mexico could have a “devastating” effect on the province’s economy.on Monday night, less than an hour after Trump indicated that he would be signing an executive order to implement the tariffs on his first day in office.
The federal government needs to take the situation at our border seriously. We need a Team Canada approach and response—and we need it now. Prime Minister Trudeau must call an urgent…Trump previously promised to impose a 10 or 20 per cent tariff on Canadian imports at the U.S. border during the presidential campaign but in a post on Truth Social on Monday night he went further, saying that he “will charge Mexico and Canada a 25 per cent tariff on ALL products coming into the United States.
TD has also estimated that Trump’s tariffs could ultimately lead to a five per cent reduction in Canadian exports to the U.S. by early 2027.
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