CTV News’ chief political correspondent Vassy Kapelos says Canada was notified this morning by the U.S. that China, Mexico and Canada will be subject to tariffs: 25 per cent across the board with the exception of energy, which will be 10 per cent.
It would take effect on Tuesday and would be in place until the fentanyl overdose issue is sorted.
Minister of Intergovernmental Affairs Dominic LeBlanc and Prime Minister Justin Trudeau will announce a Canadian response at 6 p.m. ET tonight.
A senior government source tells CTV News that Ottawa is expecting something formal at 2 p.m. EST. Cabinet is set to meet at 3 p.m. EST.
Trump just killed the N. American auto industry. You can’t remake all the supply chain lines overnight. Some parts cross the border multiple times, meaning way more than a 25% tariff in the end. Asian car companies are going to take over.
Agreed. I’m an import buyer in the auto industry. There’s no one in the us that makes some of these parts. He just made China more attractive now. It will take at least 6 months to retool and go thru sampling process.
Canada and Mexico should work together and add a 25% export fee to oil. I wonder how long these idiots stay in power if gas is $7 or more a gallon.
I feel like it be more impactful to put on electricity, wood pellets, timber and housing products, etc? Considering it will be harder to source than oil from elsewhere
Trump is putting a tariff on Canada and Mexico to pay for his up coming tax cuts. He’s not smart enough to see that this won’t work and will cause a disaster.
Canada sells $108.3 billion of O&G to America at a discount.
Guaranteed that discount disappears and at minimum there will be 10% tacked onto what America pays.
Wait until we have interstate tariffs
FDT!
