Ontario braces for impact as Trump announces 25% tariffs on Canadian-made automobiles
CBC
Ontario is bracing for impact after U.S. President Donald Trump announced Wednesday a 25 per cent tariff on Canadian-made automobiles as of midnight Wednesday.
Premier Doug Ford has yet to provide an official response to the tariffs, but warned earlier in appearances on U.S. news shows of negative impacts on both sides of the border.
"He calls it Liberation Day. I call it Termination Day, because people are going to be losing their jobs across the U.S.," Ford said on CNBC. "You can't just all of a sudden put tariffs on every part and every widget that comes across the border.
"[Trump] believes he is supporting Americans. He said he was going to create jobs, create wealth, reduce inflation — it's worked the total opposite."
Speaking to reporters at Queen's Park just after noon, Ford said he was on the phone with federal Liberal Leader Mark Carney this morning, speaking about the situation.
"We'll respond appropriately — dollar for dollar, tariff for tariff," Ford said.
In his afternoon speech, Trump referred to Canada's restrictions on dairy imports. Canada's supply management system relies on the control of imports and enables the dairy, poultry and egg sectors to limit the supply of their products to what Canadians are expected to consume.
Under both Canada-U.S.-Mexico Agreement (CUSMA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with Pacific Rim dairy exporters like New Zealand, Canadian dairy processors effectively control what enters their market.
"We don't like it and it's not fair," Trump said of Canada's trade protections. "At what point do we say, 'You've got to work for yourselves?'"
Trump at one point read from a large chart that shows which countries will be targeted in his reciprocal tariff blitz.
The chart included China, the EU, Vietnam, Taiwan, Japan, India, South Korea, Thailand, Switzerland, Indonesia, Malaysia and Cambodia, the United Kingdom, South Africa, Brazil and Bangladesh.
Canada was not on the chart.
Trump also announced a minimum base line tariff of 10 per cent on other countries.
The White House has insisted that the tariffs will achieve several simultaneous goals: raise revenues, pay for tax cuts and force companies to build in the U.S. The stock market doesn't appear to be convinced however — it has lost all its gains since the American election.
People are descending upon the city for the dozens of events and live music performances this week as the Juno Awards are set to take place Sunday at Hamilton's TD Coliseum.
For nearly two decades, Amanda Loewen's world ended where the pavement did.
The notion that home ownership guarantees financial security in old age is being challenged by a recent survey.
The family of Nash Prystie has identified him as the man who died in an Ontario Provincial Police (OPP) shooting earlier this month north of Kenora, and is calling for more and quicker help for people with mental health challenges.
Playoff action in the Ontario Hockey League gets underway Thursday night for Guelph and Friday in Kitchener.
UPEI wants its faculty to sign on to an updated version of its sexual assault and discrimination policy, but the union that represents the school's academic staff says it wants the policies to be part of its collective agreement.
In Texas this week for a global energy conference, the federal natural resources minister is proclaiming "Canada is back" and ready to bolster its energy sector and grow exports.
Members of Parliament last year went on the fewest sponsored international trips in the last 15 years, excluding the height of the COVID-19 pandemic.
Ontario is running out of time to beef up rules that would crack down on negligent and misbehaving municipal politicians ahead of the next civic election, some experts and opposition critics warn.
Six London teens are each facing multiple charges following a break-and-enter spree at homes in the city's southwest end early Sunday, police said.
The Department of Transportation and Infrastructure is putting the finishing touches on completing the Team Gushue Highway, but it means drivers might have to change their routes until later this summer.
Passage of the Nova Scotia government's budget bill stalled late Tuesday night when a group of singing protesters shut down the final vote to approve the budget.
Health Minister John Dornan said Woodstock-based eVisitNB will continue to provide virtual health-care services to New Brunswickers for another 90 days after March 31.