Canada's tariffs to remain despite Trump postponing tariffs on many imports from Canada for a month
Canada's tariffs to remain despite Trump postponing tariffs on many imports from Canada for a month
Canadian government officials say Canada’s initial retaliatory tariffs against the U.S. will remain in place for now despite President Donald Trump postponing 25% tariffs on many imports from Canada for a month.
Summary
Canada will maintain its initial $30 billion (CA$) in retaliatory tariffs despite Trump postponing 25% tariffs on many Canadian imports for a month.
A second wave of tariffs, originally planned at $125 billion (CA$), has been suspended. Ontario will still raise electricity prices for U.S. customers, and B.C. is considering tolls on U.S. trucks going to Alaska.
Trudeau expects a prolonged trade war, following a heated call with Trump.
About 62% of Canadian imports remain subject to tariffs, as Trump pushes for U.S. companies to shift production domestically.
Starting Monday, Ontario will charge 25% more for electricity sold to 1.5 million Americans in response to Trump’s tariff threats