Conservative Leader Pierre Poilievre says Canada needs to retaliate against American tariffs by targeting U.S. goods Canada can make, does not need or can obtain elsewhere. Poilievre says Canada needs to cut taxes to counteract the domestic impact of tariffs and points to the carbon price, the capital gains tax and income tax.
Canadians say they are ready to use their wallets to fight the trade war with the United States, which began today as President Donald Trump imposed 25 per cent tariffs on Canadian goods. Haligonians interviewed today said they are focused on buying Canadian whenever possible, and many said they had already stopped purchasing American products, as Trump had been threatening tariffs for months.
Canada is immediately imposing 25 per cent retaliatory tariffs on $30 billion worth of American products, and will expand that to cover another $125 billion in U.S. goods in 21 days. Here’s how political, business and union leaders reacted Tuesday.
A trade war between Canada and its largest trading partner has begun, with tariffs imposed by U.S. President Donald Trump now in effect and Prime Minister Justin Trudeau responding with a package of retaliatory tariffs. Stocks are tumbling, businesses are warning of impending layoffs and further measures from both countries are likely in the coming days.
Canada has responded with retaliatory tariffs, and markets are falling as investors brace for the economic impact that the duties will have on economies on both sides of the border. Canadians confused about Trump's plans aren't alone, with the U.S. president at times contradicting himself about his own tariff plans.
As market turbulence rattled some Washington lawmakers, U.S. President Donald Trump's closest advisers fanned out to TV news programs Tuesday to claim a link between economywide tariffs on Canada and Mexico and fentanyl trafficking. The president's executive order hitting Canada and Mexico with 25 per cent across-the-board tariffs, with a lower 10 per cent levy on Canadian energy, took effect Tuesday.
