In response to new US tariffs on various imported goods, Canada has implemented reciprocal 25% tariffs on select US automobile imports and parts. These retaliatory measures, announced by Finance Minister Champagne, target vehicles and components non-compliant with the CUSMA agreement or containing non-Canadian/Mexican content. The action follows President Trump’s imposition of global tariffs and ongoing trade disputes with Canada. This tit-for-tat escalation comes amidst heightened tensions between the two North American neighbours.
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The US-Canada trade war, fueled by tariffs imposed by both countries, is significantly impacting Kentucky’s bourbon industry, particularly Brough Brothers Distillery, the state’s only Black-owned bourbon distillery. This has resulted in a sharp decline in exports to Canada and a deluge of hateful emails to the distillery’s owners. While some Kentucky residents, despite economic hardship, remain supportive of President Trump’s trade policies, others express concern about the unintended consequences and the damage to US-Canada relations. Governor Beshear and other Kentucky politicians, regardless of party affiliation, oppose the tariffs and advocate for a swift resolution. The situation highlights the unintended consequences of trade disputes and the challenges faced by businesses caught in the crossfire.
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Toronto’s recent decision to exclude Tesla from its electric vehicle (EV) incentive program is a complex issue, fueled by a confluence of factors beyond a simple desire to punish Elon Musk. While the official reason cited for the exclusion is the ongoing US-Canada trade war and its impact on tariffs, the backdrop of alleged Tesla incentive fraud further complicates the situation.
The timing of Toronto’s decision, closely following similar moves by British Columbia, raises eyebrows. British Columbia’s action, eliminating Tesla from its CleanBC subsidies, was driven by concerns regarding Tesla’s alleged abuse of the provincial rebate program. This abuse seemingly involved a massive surge in sales, prompting investigations into the possibility of fraudulent claims to maximize the available incentives.… Continue reading
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Trump’s announcement to double tariffs on Canadian metals to 50% is causing a significant uproar. This drastic move, scheduled to take effect the following morning, is poised to dramatically escalate existing trade tensions between the US and Canada. The stated justification centers on Canada’s imposition of a surcharge on electricity exports to the US. This, according to the announcement, necessitates retaliatory measures.
The potential economic consequences are far-reaching and unsettling. The 50% tariff on steel and aluminum will undoubtedly impact American industries heavily reliant on these Canadian imports, leading to increased production costs and potentially impacting job security. The ripple effect would be felt across numerous sectors, from construction and manufacturing to the automotive industry.… Continue reading
President Trump announced a 25% tariff increase on Canadian steel and aluminum imports, raising the total to 50%, effective March 12th. This action, publicized on Truth Social, is retaliation for Ontario’s 25% tax on electricity exports to the U.S. Trump further demanded Canada remove tariffs on U.S. dairy products and threatened additional tariffs on auto imports by April 2nd unless other tariffs are lifted. The announcement caused significant market downturn and prompted a defiant response from Ontario Premier Doug Ford.
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Despite a temporary reprieve on some U.S. tariffs on Canadian goods, Ontario will proceed with its planned 25% electricity export tax to New York, Michigan, and Minnesota, beginning Monday. This retaliatory measure, alongside the removal of U.S. alcohol from LCBO shelves and cancelled contracts with American companies, reflects Ontario’s unwavering stance against President Trump’s tariffs. Premier Ford maintains that the temporary reprieve is insufficient and threatens to double the electricity tax if tariffs are not fully removed by April 2nd. The province cites the ongoing threat of further tariffs and the incomplete coverage of Canadian goods by the existing trade agreement as justifications for its actions.
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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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Brown-Forman CEO Lawson Whiting criticized Canada’s removal of US alcohol from shelves as a disproportionate response to US tariffs on Canadian goods, deeming it more damaging than the tariffs themselves. This action, taken by provinces including Ontario’s LCBO, eliminates US alcohol sales completely. While impacting Brown-Forman, the loss represents only 1% of its overall sales. The Canadian government’s retaliatory tariffs, alongside provincial actions, target US beer, spirits, and wine.
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John Q. Hosedrinker 
Matt Underwood