President Trump launched a scathing attack on Senators McConnell, Paul, Collins, and Murkowski for opposing his proposed tariffs on Canadian imports, accusing them of disloyalty and siding with Democrats. The senators’ opposition to the tariffs, which aim to combat the fentanyl crisis, is part of a Senate resolution that would block the levies. Trump characterized the resolution as a Democratic ploy to expose Republican weakness, while the senators cited potential economic harm to both countries. A Senate vote is anticipated, with the President vowing a veto if necessary.
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Despite President Trump’s one-month postponement of 25% tariffs on many Canadian imports, Canada will maintain its initial $21 billion in retaliatory tariffs on various American goods. A planned second wave of Canadian tariffs totaling $87 billion has been suspended, contingent on the continued postponement of US tariffs. However, Ontario and British Columbia have implemented separate, independent retaliatory measures, indicating a continued firm stance against Trump’s trade actions. Prime Minister Trudeau anticipates a prolonged trade conflict.
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President Trump has again temporarily suspended 25% tariffs on Canadian goods, granting a one-month reprieve. While this is positive for Canada, Prime Minister Trudeau described a “colourful” phone call with Trump, revealing ongoing trade tensions and uncertainty regarding a long-term resolution. Trudeau emphasized that negotiations continue, but a trade war initiated by the U.S. is expected to persist. Despite some optimism for short-term relief, the situation remains volatile, with the possibility of further tariff changes in April.
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Following the US imposition of 25% tariffs on most Canadian goods, Prime Minister Trudeau declared Canada would not back down from the ensuing trade war. He rejected the US rationale as unfounded, highlighting Canada’s strengthened border security measures. Retaliatory tariffs, totaling tens of billions of dollars, have been implemented by Canada, with provinces also enacting their own countermeasures, such as export taxes. The economic impact will be widespread, affecting both countries, and Canada is actively seeking to leverage its northern critical mineral resources to enhance its economic position and negotiating power.
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In response to newly imposed U.S. tariffs, Canadian businesses are emphasizing domestic sourcing. Loblaw Companies Ltd. plans to increase its procurement of Canadian-grown and -made food, while also exploring Mexican alternatives. Shopify intends to incorporate features promoting local purchases within its Shop app for Canadian, U.S., and Mexican markets. These actions follow President Trump’s announcement of 25 per cent tariffs on Canadian goods, met by Canada’s own retaliatory tariffs totaling $30 billion initially, set to rise to $125 billion.
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In response to new American customs tariffs, Quebec’s Ministry of Finance has directed the Société des Alcools du Québec (SAQ) to remove all American alcoholic products from its stores and distribution network by Tuesday. This action, described as a retaliatory measure, will affect restaurants, bars, and grocery stores across the province. While a complete removal may take several days, the Ministry assures consumers that the impact will be limited due to the availability of alternatives. The SAQ’s 2023 report indicates that American still wines comprised only 6.8% of the market share.
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John Q. Hosedrinker