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.

  • SlopppyEngineer@lemmy.worldEnglish
    52·
    15 days ago

    Trump is going to threaten more tariffs again in two weeks anyway, when the market has recovered from the current dump and pump cycle, so it’s just easier to leave them.