British Columbia Premier David Eby says the province and the country is strong enough to weather the storm in the threat to Canada's sovereignty coming from a former friend. Eby took the unusual step of interrupting B.C.'s budget lockup to address how the province will respond after U.S. President Donald Trump imposed tariffs on Canadian goods.
Brenda Bailey's budget is being handed down on the same day that Trump says a 25 per cent U.S. tariff will be placed on Canadian goods, while Canadian energy will face 10 per cent tariffs. Bailey says Trump's tariffs came "completely out of nowhere" when he announced them last November and they've already changed B.C.'s financial circumstances.
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.
