Some Canadian prime ministers are calling on the government to respond forcefully to President-elect Donald Trump's tariff threats, Canada's finance minister said on Wednesday, according to Reuters.
Canadian Prime Minister Justin Trudeau met with the prime minister and other government ministers on Wednesday to discuss President Trump's pledge to impose tariffs on imports from Canada and Mexico when he returns to the Oval Office. According to to Reuters. Ontario Premier Doug Ford said Wednesday that Canada could respond by halting energy exports to the United States, according to Reuters.
Under the former Trump administration, Canada countered U.S. tariffs by imposing tariffs on a variety of products, including bourbon, cherries and Harley-Davidson motorcycles, according to Reuters.
Finance Minister Chrystia Freeland told reporters Wednesday that “a number of prime ministers have expressed strong support for Canada's strong response, including some who have expressed strong support for Canada's strong response. “We have proactively named important minerals and metals that are exported to the United States.” to Reuters.
The president-elect has welcomed tariffs, previously calling them the most “beautiful” word and proposing broad tariffs on a variety of industries. In November, President Trump threatened to impose 100% tariffs on BRICS countries that abandon the US dollar, and in September he threatened to impose 200% tariffs on John Deere products if the company moves manufacturing to Mexico. I promised. (Related: President Trump's reported ICE plan leaves no hiding place for criminal immigrants)
(Photo by NICHOLAS KAMM/AFP via Getty Images)
Prime Minister Trudeau after President Trump threatened to impose a 25% tariff on all imports from Mexico and Canada unless those countries further tightened border controls with the United States to prevent the influx of illegal drugs. met with the president-elect at Mar a Largo in November. and illegal immigration to the state. Mexican President Claudia Sheinbaum also threatened to retaliate if Trump imposes tariffs on her country.
Under the Biden-Harris administration, the number of immigrants entering the country illegally at the northern border has skyrocketed. There were 18,944 encounters on the northern border in August alone. According to Data from U.S. Customs and Border Protection (CBP). According to CBP data, there were a total of 198,929 encounters at the northern border in fiscal year 2024, compared to 189,402 in fiscal year 2023.
Bank of Canada Governor Tiff Macklem said Wednesday that President Trump's proposed 25 per cent tariffs on imports could cause disruption to Canada's economy. According to In the Wall Street Journal. According to a WSJ report, more than 20% of Canada's gross domestic product is tied to trade with the United States. U.S.-Canada trade in goods and services reached an estimated $908.9 billion in 2022. According to To the Office of the United States Trade Representative.
“It's going to be difficult for companies to make decisions against this backdrop,” Macklem said. “There are risks such as: [business] Investment is weak. ”
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