US-Canada

President Donald Trump’s 25 percent tariff on all foreign steel and aluminum imports went into effect just after midnight this morning. Within hours, Ottawa announced dollar-for-dollar retaliation to the tune of nearly 30 billion Canadian dollars.

The roller coaster of tariffs in the trade war between the US and Canada has taken another twist. President Donald Trump says he won’t double the tariffs on Canadian steel and aluminum. This is after Ontario Premier Doug Ford pledged to suspend surcharges on electricity sold to New York and two other states.

A full-blown trade war has erupted between the U.S and Canada. As threatened, President Donald Trump slapped crippling tariffs on Canadian and Mexican imports into the U.S just after midnight on March the fourth, and Ottawa immediately began retaliation, with 25 percent tariffs on many American products.

Cross-border business between the Buffalo Niagara region and Southern Ontario is going to take a big hit when the new Trump-imposed tariffs become official on March 4. That means the 25 percent surcharge will impact everything from building materials, food products, steel, auto parts, and a lengthy list of other products.

The final countdown is underway; Canada is just one day away from the punishing import tariffs threatened by President Donald Trump. Canadian government officials say they still don’t know if the tariffs WILL come down on March 4th, but Canada has stepped up its campaign to persuade Trump that the tariffs are a bad idea and would hurt both countries.

Since taking office just over a month ago, President Donald Trump has threatened punishing tariffs against Canadian and Mexican imports and continues his chatter about making Canada the fifty-first state. The result, especially north of the border, has been a dramatic pushback from average Canadians.

The threat of a trade war between Canada and the US has again reached a new urgency after President Donald Trump announced 25 percent tariffs on all steel and aluminum imports into the US with no exceptions.

US President Donald Trump has again floated the idea of Canada becoming the fifty-first state. He says he wants that due to his unsubstantiated claim that the US is paying 200 billion dollars a year to Canada. As recently as a couple of days ago, Prime Minister Justin Trudeau told a Canada-US economic summit that he takes Trump’s notion seriously. The summit, held in Toronto, was aimed at bolstering the Canadian economy in the face of continued threats from Washington.

Prime Minister Justin Trudeau will host a Canada-US economic summit today (Friday, February 7th, 2025) in Toronto. The meeting comes on the heels of President Donald Trump pausing threatened tariffs for a month.

Going back to the 1800s, the seamless and open border between the US and Canada has been a key economic linchpin in both the Southern Ontario and the Buffalo-Niagara region. But the proposed 25% tariffs that President Trump wanted to impose on Canadian-made goods bound for the US put a big dent in those relations - even with the 30 days pause now in effect.