1 day Ago By Ari Yanover
Uncertainty still looms for Canada in what’s set to be a monumental week for U.S. President Donald Trump’s tariff plan.
With multiple categories of American import taxes set to take effect, some Canadian industries are waiting to find out if and how they might be affected. Here’s a rundown on what to watch for this week. On Trump’s first day in office, he signed an executive order to enact the “America First Trade Policy,” which called for his trade and commerce officials to report back to him by April 1 on a sweeping review of U.
S. trade policy and relationships. That date does not come with an imposition of any tariffs by default, but does direct Trump’s administration to begin examining the Canada-U.
S.-Mexico Agreement, which Trump signed in 2018, ahead of a planned 2026 review. Prime Minister Mark Carney confirmed last week that he and Trump agreed to begin negotiations about “a new economic and security relationship” following the federal election.
Since Trump was elected, the bulk of attention has been on his threat of blanket 25 per cent tariffs on imports from Canada, along with a lower 10 per cent rate for energy products that was later announced. Trump has often characterized those tariffs as a response to the flow of fentanyl and illegal migrants into the U.S.
, although the Canadian government says Canada is the source of less than one per cent of all fentanyl and illegal crossings to that country. The levies took effect March 4 and Canada responded to those _ along with a separate category of tariffs targeting steel and aluminum products — with its own retaliatory tariffs. But two days later, Trump paused the application of his universal tariffs for goods and services compliant with the United States-Mexico-Canada Agreement.
That pause is set to expire on April 2. Canada agreed to wait until then to implement its second wave of retaliatory tariffs. A White House official said on background Monday that no final decision has been made on how the U.
S. will proceed with regard to that category of tariffs. April 2 also marks a key date for a separate category of tariffs set to take effect, which the Trump administration has dubbed “reciprocal” tariffs.
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