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President-elect Donald Trump talks to reporters after a meeting with Republican leadership at the Capitol on Wednesday, Jan. 8, 2025, in Washington.Photo by Steve Helber /THE ASSOCIATED PRESS
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Canadian business leaders are waiting anxiously to find out whether the sweeping tariffs threatened by incoming U.S. president Donald Trump will become a reality.
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Trump’s inauguration today could mark the beginning of a difficult road for Canadian companies, particularly those that rely on the U.S. as a major trading partner.
The incoming Republican president has threatened 25 per cent across-the-board tariffs on imports from Canada, though lower tariffs are reportedly being considered.
Canada has said it’s ready to retaliate, with Prime Minister Justin Trudeau saying Friday that “everything is on the table.”
Business leaders have warned that the tariffs could make a big dent in not only Canada’s economy, but the U.S. economy as well.
It would disrupt sectors that trade heavily with the U.S., such as the automotive, agriculture and energy sectors.
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Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.