Events of the last week, with the on-again, off-again tariffs, have made many Canadians nervous. Federal Finance Minister Dominic LeBlanc says he's been talking to the U.S. commerce secretary about what needs to happen to get rid of the tariff threat altogether and move forward.
Canada will delay a planned second wave of retaliatory tariffs on C$125 billion of U.S. products until April 2, Finance Minister Dominic LeBlanc said in a post on X on Thursday.
Mr Trudeau’s Liberal Party suddenly finds itself atop some opinion polls for the first time in almost two years, having scraped historic lows just two months ago. Mr Trump’s unsettling and relentless insistence that Canada join the United States as its 51st state or face staggering tariffs has cracked the basis on which Canada’s Conservatives and their leader,
President Trump said Thursday that he postponed 25% tariffs on many goods from Canada and Mexico for a month, amid widespread fears of a broader trade war.
Starting just past midnight Tuesday, imports from Canada and Mexico are now taxed at 25%, with Canadian energy products getting tariffed at 10%.
A senior Canadian government official says Prime Minister Justin Trudeau is not willing to lift Canada’s retaliatory tariffs if Trump leaves any tariffs on Canada.
It's the latest twist in a fluctuating trade policy that has whipsawed markets and fanned worries about inflation and growth.