Trump’s tariff will hurt both Canada and U.S., Canadian leaders say
Business and political leaders in Canada say there will be pain if Donald Trump follows through on his pledge to impose a 25 per cent tariff on all Canadian goods, but they note the hurt will happen in his country as well.
The president-elect posted to Truth Social on Monday he will sign an executive order imposing a 25 per cent tariff on all products coming in to the United States from Canada and Mexico.
He said the tariff will remain in place until both countries stop drugs, in particular fentanyl, and people from illegally crossing the borders.
Canadian American Business Council CEO Beth Burke said in a statement last night that Trump’s proposal would harm businesses on both sides of the border and would “erode the economic and geopolitical strength of North America.”
Ontario Premier Doug Ford posted on social media that a 25 per cent tariff would be devastating to workers and jobs in both Canada and the U.S.
Quebec Premier François Legault tweeted that everything must be done to avoid the tariffs, and British Columbia Premier David Eby posted Trump’s tariffs “would hurt Canadians and Americans alike.”
“Canadians must stand united. Ottawa must respond with strength,” Eby tweeted.
Alberta Premier Danielle Smith said in a social media post that the Trump administration has “valid concerns related to illegal activities” at the border. But she noted vast majority of her province’s energy exports to the U.S. are “delivered through secure and safe pipelines” which she said “do not in any way contribute to these illegal activities.”
Modelling by the Canadian Chamber of Commerce suggests a 10 per cent across-the-board tariff would reduce the size of the Canadian economy between 0.9 and one per cent, resulting in around $30
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