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submitted 6 months ago* (last edited 6 months ago) by breakfastmtn@lemmy.ca to c/canada@lemmy.ca

Senior Canadian official says tariffs will take effect on Tuesday

President Donald Trump launched a trade war against Canada on Saturday by imposing a 25 per cent tariff on virtually all goods from this country — an unprecedented strike against a longstanding ally that has the potential to throw the economy into a tailspin.

Trump's long-threatened plan to inflict economic pain on Canada has materialized on the day he said it would, and it includes a 10 per cent tariff on Canadian energy products, according to a senior Canadian official who shared details of Trump's plan with CBC News.

These potentially devastating tariffs will take effect on Tuesday and remain in place until Trump is satisfied Canada is doing enough to stop the flow of fentanyl into the U.S., the government official said.

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[-] FreeBooteR69@lemmy.ca 32 points 6 months ago

Get fucked diaper boy. This trade war is going to hurt but it's also an opportunity to diversify away from the American economy and develop our free trade relations with the great many other nations we've negotiated free trade deals with.

https://en.wikipedia.org/wiki/Free_trade_agreements_of_Canada

this post was submitted on 01 Feb 2025
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