U.S. President Donald Trump’s 25-per-cent tariffs will quickly force North American auto plants to stop production, warns Linda Hasenfratz, executive chair of Linamar Corp., an Ontario-based supplier to the major automakers.
Mr. Trump said he would impose the tariffs on Feb. 1 to correct trade imbalances and spur Canada and Mexico to improve their border security, despite warnings from economists the levies will drive U.S. inflation and damage the economy.
This will not turn out well for EV mania unless they open the market to China which I would not put past Trudeau.
Canadian leaders call for retaliation, unity in response to Donald Trump’s tariffs on Canadian imports
Leaders across Canada are calling for retaliation and unity in response to U.S. President Donald Trump’s tariffs on Canadian imports.
Early Saturday evening, Trump signed an executive order declaring 25 per cent tariffs on almost all Canadian goods, and a 10 per cent tariff on Canadian energy products, will begin on Tuesday.
Which industries will feel the pinch of Trump’s tariffs the hardest?
OTTAWA — U.S. President Donald Trump signed an order Saturday to impose tariffs of 10 per cent on Canadian energy and 25 per cent on everything else beginning on Feb. 4.
Alberta premier responds to Trump tariffs, will work with Ottawa on response
Alberta’s premier says she’s “disappointed” with U.S. President Donald Trump’s decision to implement tariffs on Canadian goods and said she’ll work together with Ottawa on a response.
Trump signed an executive order Saturday following through on threats to impose 25 per cent tariffs on Canadian goods.
Afterward, Premier Danielle Smith posted to social media to say the province “will do everything in its power” to convince the U.S. to reverse the “mutually destructive policy.”
Canada, Mexico strike back with retaliatory tariffs on American goods hours after Trump’s executive action
Canada and Mexico’s top leaders blasted President Trump Saturday hours after he imposed a 25% tariff on the neighboring countries — and announced they would retaliate by enforcing their own on the US.
Canadian Prime Minister Justin Trudeau revealed he and Mexico’s President Claudia Sheinbaum Pardo agreed to work together to push back against Trump’s long-awaited taxing program, which he claimed was aimed at halting the influx of drugs into the US.
