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Canada must think tactically on dealing with Trump tariff threats: Trudeau

Prime Minister Justin Trudeau said Friday that Canada must think tactically and strategically on how to deal with U.S. President Donald Trump's threats to impose hefty tariffs on all Canadian imports. Speaking in Toronto at the opening of a one-day summit on the Canada-U.S. economic relationship, Trudeau told the gathering of trade, business and labor experts the country must work with the U.S. to avoid tariffs. He also said Canada needs to eliminate internal trade barriers and expand its trade with other nations. This is a moment, said Trudeau. This is a time in our country's history that really matters. Later, local media reported that Trudeau told business leaders at the summit that Trump's comments to make Canada the 51th state are a real thing. Mr. Trump has it in mind that the easiest way to do it is absorbing our country and it is a real thing. In my conversations with him on, Trudeau said, before the microphone cut out, Canada's public broadcaster CBC reported. Trump on M

Bank of Canada Guv says Trump's tariffs threat already having an impact

Bank of Canada said last month the threat of tariffs was making economic projections difficult, but cautioned that a 25 per cent tariff could cause major economic damage

Canada to host summit on boosting economy after Trump tariff threat

Trudeau said the one-day meeting would group leaders in trade, business, public policy, and organized labor to build what he called a long-term prosperity agenda

Trump's proposed tariffs could mean higher costs for Canadian whisky in US

Brands like Don Julio tequila and Jack Daniel's whiskey from producers like Diageo and Brown-Forman would become more expensive for drinkers if importers hike prices to cover tariff costs

President Trump's Canada, Mexico border deals avert trade war for now

Trump and Canadian Prime Minister Justin Trudeau announced their agreement Monday in separate social media posts, just hours before the two countries were due to begin placing tariff

Trump pauses tariffs on Mexico and Canada for 30 days, but not China

Both Canadian PM Trudeau and Mexican President Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump's demand to crack down on immigration and drug smuggling

Tariff war with US likely to put Canada into recession, say economists

Prime Minister Justin Trudeau's plan to retaliate on C$155 billion ($105 billion) worth of American-made products will trim real gross domestic product growth by 2 to 4 percentage points

Trump's 'tariff thrashing' stimulates crisis response from Canada

Government leaders in Canada also announced more retaliatory measures against the US, and several provinces, including Ontario and Quebec, will remove US products from liquor stores they control

Donald Trump imposes 25% tariffs on Canada and Mexico, 10% on China

Trump's tariffs deliver on a threat to punish the three countries for what he says is a failure to prevent the flow of undocumented migrants and illegal drugs

US businesses prepare for Donald Trump's tariffs to drive up expenses

From an ice cream parlour in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald Trump imposed Saturday on imports from Canada, Mexico and China America's three biggest trading partners. The levies 25 per cent on Canadian and Mexican and 10 per cent on Chinese goods will take effect Tuesday. Canadian energy, including oil, natural gas and electricity, will be taxed at a lower 10 per cent rate. Mexico's president immediately ordered retaliatory tariffs and Canada's prime minister said the country would put matching 25% tariffs on up to USD 155 billion in US imports. China did not immediately respond to Trump's action. The Budget Lab at Yale University estimates that Trump's tariffs would cost the average American household USD 1,000 to USD 1,200 in annual purchasing power. Gregory Daco, chief economist at the tax and consulting firm EY, calculates that the tariffs

Did not want this, but Canada is ready: Trudeau announces counter tariffs

Trudeau urged people of his country to purchase local products and consider spending vacations in the country, according to the Canada-based media channel, Cable Public Affairs Channel (CPAC)

Complete betrayal: Canada reels as Trump tariffs rattle trade relationship

Prime Minister Justin Trudeau has scheduled a news conference for 8:30 p.m. Ottawa time to announce Canada's response to the tariffs, while other political leaders began taking their own actions

Trump's tariffs on Canada, China, and Mexico likely to take effect today

Trump, the 47th US President and a Republican has been threatening to impose tariffs to ensure there is greater cooperation from the countries to stop illegal immigration into the US

Donald Trump barrels toward tariff showdown with Canada, Mexico, and China

Whatever Trump decides sets the stage for a separate review aimed at China, as well as Canada and Mexico, that could tee up even more tariffs as soon as April

Canada's Freeland hopeful, lays out plan to fight Trump's tariff threats

Chrystia Freeland, the former finance minister who is running to replace Justin Trudeau as Canada's prime minister, said Monday Canada needs to release a retaliation list of goods the country would target if US President Donald Trump makes good on his threat to slap 25 per cent tariffs on Canadian goods. A list of products worth 200 billion Canadian dollars (USD 139 billion) would send a message to US exporters about the harm tariffs would cause them, Freeland said in a statement. Being smart means retaliating where it hurts, she said. Our counterpunch must be dollar-for-dollar and it must be precisely and painfully targeted: Florida orange growers, Wisconsin dairy farmers, Michigan dishwasher manufacturers, and much more." Now is the moment when Canada must make clear to Americans the specific costs that will accompany any tariff measures by the Trump administration. Trump has said he will use economic coercion to pressure Canada to become the nation's 51st state. He continues to

Americans will pay more if Trump imposes tariffs on Canada, says Trudeau

Outgoing Canadian Prime Minister Justin Trudeau said Thursday American consumers will pay more whenever President Donald Trump decides to apply sweeping tariffs on Canadian products. Trump told reporters in the Oval Office Thursday that he still plans to tariff Canada and Mexico at 25% rates starting as soon as Feb. 1. Trump previously threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he took office but the tariffs weren't applied on day one. Trudeau said if Trump does go forward "whether it be back on Jan. 20th, on Feb. 1st or Feb. 15th as a Valentines Day present, or on April 1st or whenever Canada will respond with retaliatory tariffs and "prices for American consumers on just about everything will go up." We don't think he wants that, Trudeau told reporters in Ottawa. By targeting America's second largest trading partner after Mexico, Trump risks upending the markets for autos, lumber and oil all of which could carry over quickly to consumers. T

We have complaints about the border, too: Canada tells US President Trump

Data from the Canada Border Services Agency show that some 2,000 of 7,700 prohibited weapons and firearms - seized at ports of entry between January and October last year - came from the US

Canada may inflict economic pain on US against Trump's tariffs: Trudeau

Canadian PM Justin Trudeau promised that his country would respond with 'robust, rapid' and 'very strong' retaliatory measures

Ready to respond if Trump imposes sweeping tariffs on Feb 1, says Canada

Canadian leaders expressed relief Monday that broad tariffs were not applied to Canadian products on the first day of Donald Trump's presidency, but Trump later said he could impose a 25 per cent tariff on Canada and Mexico on February 1. Trump has been threatening to impose sweeping tariffs on Canada, Mexico and other trading partners. An incoming White House official who insisted on anonymity pointed reporters on Monday morning to a Wall Street Journal story saying Trump will only sign a memorandum telling federal agencies to study trade issues. Still, Trump pledged in his inaugural address that tariffs would be coming and said foreign countries would be paying the trade penalties, even though those taxes are currently paid by domestic importers and often passed along to consumers. We're thinking in terms of 25 per cent on Mexico and Canada, Trump said Monday night in the Oval Office. I think February 1st." Finance Minister Dominic LeBlanc earlier said reprieve is too strong of a

Canada warns of 'Trump Tariffs Tax' as trade war looms over US tariff plans

US-Canada trade war looms as President-elect Donald Trump prepares for his inauguration with no signs of backing out of proposed tariffs