U.S. President Donald Trump’s new tariff plan is set to be unveiled late this afternoon.
While questions remain about what will be affected, Alberta Premier Danielle Smith thinks food production and oil and gas won’t be targeted.
Trump is expected to hit multiple countries with levies, but it’s still unclear whether a temporary pause on separate economy-wide duties on Canada will be lifted.
Last month, Trump imposed and then partially paused 25 per cent across-the-board tariffs, with a lower 10 per cent levy on energy on Canada and Mexico.
The Canadian Chamber of Commerce’s Business Data Lab has announced which U.S. cities are most vulnerable to the consequences of reduced trade with Canada. Topping the list is San Antonio.
The CEO of the Atlantic Chamber of Commerce, Rhonda Tulk-Lane, expects to see immediate fallout from people in the U-S who will be affected by the taxes.
Prime Minister Mark Carney is taking a day off the hustings as he prepares for whatever it is Trump is set to announce.
Pierre Poilievre answers reporters questions (via CPAC)
CPC outlines response to Trump Tariffs
The Conservative’s response to Donald Trump’s reciprocal tariffs are the same, regardless of the latest developments says leader Pierre Poilievre.
“The things we must do to counter Donald Trump, are all the things I said we should be doing before he even threatened the tariffs.” That includes previous Conservative election promises including repealing Bill C-69, cutting taxes on workers, and allow tax-free reinvestment of capital gains in Canada, and remove taxes from new home purchases.
Jagmeet Singh at a campaign stop in Winnipeg (via CPAC)
NDP supports Team Canada approach
NDP Leader Jagmeet Singh today reiterated his support for workers in light of whatever retaliatory tariffs come down from the Oval Office this afternoon.
Singh told reporters when it comes to the trade war waged on Canada by the United States, and Canada’s response, he supports dollar-for-dollar retaliation.
“I think we need to show strength” says Singh “when it comes to how we, as a nation, deal with the United States, I’m on Team Canada. I want us to win, I think we need to show a united front, and we stand together.”
Trump’s speech is scheduled to begin at 5:30 NDT.
