Canada will announce retaliatory tariffs against the United States on Tuesday after relations deteriorated sharply Monday, with President Donald Trump telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs and Prime Minister Mark Carney accusing Washington of trying to subordinate Canada.
Trump also threatened new 50% tariffs on Canadian vehicles, auto parts and steel, while Carney said U.S. trade demands showed Washington wanted to “destroy our major industries,” including autos, steel and aluminum.
Finance Minister François-Philippe Champagne and three other Cabinet ministers are scheduled to unveil Canada’s response Tuesday morning. Carney said earlier Monday that Canada may need to move away from matching U.S. tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses.
Yup. It’s why Canada has been branching out our trade relations with other countries. We don’t need anything from America. It might be more expensive to get those items from other countries, but America doesn’t have a single resource or product Canada needs that we can’t get from someone else, or domestically.
So us tariffing American products promotes companies to import from other global distribution rather than the US ones they’ve used for years.
It’s a massive inconvenience, but a worthwhile one to starve the US.