CTV News’ chief political correspondent Vassy Kapelos says Canada was notified this morning by the U.S. that China, Mexico and Canada will be subject to tariffs: 25 per cent across the board with the exception of energy, which will be 10 per cent.

It would take effect on Tuesday and would be in place until the fentanyl overdose issue is sorted.

Minister of Intergovernmental Affairs Dominic LeBlanc and Prime Minister Justin Trudeau will announce a Canadian response at 6 p.m. ET tonight.

A senior government source tells CTV News that Ottawa is expecting something formal at 2 p.m. EST. Cabinet is set to meet at 3 p.m. EST.

  • thisorthatorwhatever@lemmy.world
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    1 day ago

    Trump just killed the N. American auto industry. You can’t remake all the supply chain lines overnight. Some parts cross the border multiple times, meaning way more than a 25% tariff in the end. Asian car companies are going to take over.

    • Zerlyna@lemmy.world
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      1 day ago

      Agreed. I’m an import buyer in the auto industry. There’s no one in the us that makes some of these parts. He just made China more attractive now. It will take at least 6 months to retool and go thru sampling process.

    • tal@lemmy.today
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      19 hours ago

      https://archive.ph/rXQMp

      General Motors executives are closely tracking President Trump’s plans to impose tariffs on imports from Canada and Mexico, but the company is not yet making any major changes to its strategy in North America in response to the threatened tariffs.

      The automaker has pulled together an “extensive playbook” of possible options but won’t put them in place “until the world changes dramatically, and we see a permanent level of tariffs going forward,” the company’s chief financial officer, Paul Jacobson, told reporters in a conference call on Monday evening.

      “I won’t go into the details exactly but we’ve been preparing for that and want to make sure that we are prudent and don’t overreact,” he added.

      Mr. Trump said last week that he planned to impose tariffs of 25 percent on goods from Canada and Mexico starting on Saturday, Feb. 1. If he followed through on those plans, the tariffs would deal a big blow to G.M. and other automakers that produce vehicles and components in those countries, and probably increase the prices of many vehicles sold in the United States.

      G.M. produced nearly 900,000 vehicles in Mexico in 2024, more than any other carmaker, and most of those were shipped to the United States. Among them are the Chevrolet Silverado and GMC Sierra pickup trucks, as well as the Chevrolet Equinox sport-utility vehicle — all top-sellers and big sources of profit for the company. It also produces some Silverados and electric delivery vans in Canada.

      It sounds like GM is saying that they expect that the tariffs may be short-lived.

      Trump has, from what I’ve read, stated that the tariffs will be in place until Canada and Mexico address the fentanyl crisis. I have not seen any concrete conditions, or any suggestion that he attempted to negotiate using the threat of tariffs, both of which I would expect if he had policy concessions he wanted.

      In the past, Trump has repeatedly made vague and not very accurate assertions that his policies were extremely successful, including those that had little or negative impact. For example, he declared that he got rid of NAFTA, which was a “horrible deal”, when his base didn’t like it, and replaced it with the USMCA, which was essentially the same free trade agreement with some minor tweaks and a new name. The typical voter doesn’t look at the specifics of US FTAs or statistics in general, so Trump was able to give them the impression that he had dramatically altered the situation in ways they wanted, while not doing so.

      So if you figure that he declares that his fentanyl policy is a great success, pulls the tariffs after a short period of time, maybe does the “cut a check with his name on it” stunt that he did with the economic stimulus stuff, this time using funds from tariffs, he might manage to convince supporters that he’s done something substantive without needing to do much, score political points. Same as with The Wall that was the centerpiece of his first campaign and never quite happened or the aforementioned NAFTA changes.

      • sik0fewl@lemmy.ca
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        19 hours ago

        It sounds like GM is saying that they expect that the tariffs may be short-lived.

        To me, it sounds like GM has no plan and they hope the tariffs are short-lived.

    • SoJB@lemmy.ml
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      23 hours ago

      Liberal racist fearmongering while complaining about Trump’s racist fearmongering.

      You can’t make this shit up, folks.

  • Someone@lemmy.ca
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    1 day ago

    I might be the only Canadian brave enough to say this, but I don’t think y’all are going hard enough on the tariffs. Too many countries have taken advantage of you. You need to slap a minimum 100% tariff on all these countries ASAP:

    Afghanistan
    Albania
    Algeria
    Andorra
    Angola
    Antigua and Barbuda
    Argentina
    Armenia
    Australia
    Austria
    Azerbaijan
    The Bahamas
    Bahrain
    Bangladesh
    Barbados
    Belarus
    Belgium
    Belize
    Benin
    Bhutan
    Bolivia
    Bosnia and Herzegovina
    Botswana
    Brazil
    Brunei
    Bulgaria
    Burkina Faso
    Burundi
    Cambodia
    Cameroon
    Canada
    Cape Verde
    Central African Republic
    Chad
    Chile
    China
    Colombia
    Comoros
    Democratic Republic of the Congo
    Republic of the Congo
    Costa Rica
    Croatia
    Cuba
    Cyprus
    Czech Republic
    Denmark
    Djibouti
    Dominica
    Dominican Republic
    Ecuador
    Egypt
    El Salvador
    Equatorial Guinea
    Eritrea
    Estonia
    Eswatini
    Ethiopia
    Fiji
    Finland
    France
    Gabon
    The Gambia
    Georgia
    Germany
    Ghana
    Greece
    Grenada
    Guatemala
    Guinea
    Guinea-Bissau
    Guyana
    Haiti
    Honduras
    Hungary
    Iceland
    India
    Indonesia
    Iran
    Iraq
    Republic of Ireland
    Islamic Republic of Afghanistan
    Israel
    Italy
    Ivory Coast
    Jamaica
    Japan
    Jordan
    Kazakhstan
    Kenya
    Kiribati
    Kuwait
    Kyrgyzstan
    Laos
    Latvia
    Lebanon
    Lesotho
    Liberia
    Libya
    Liechtenstein
    Lithuania
    Luxembourg
    Madagascar
    Malawi
    Malaysia
    Maldives
    Mali
    Malta
    Marshall Islands
    Mauritania
    Mauritius
    Mexico
    Federated States of Micronesia
    Moldova
    Monaco
    Mongolia
    Montenegro
    Morocco
    Mozambique
    Myanmar
    Namibia
    Nauru
    Nepal
    Netherlands
    New Zealand
    Nicaragua
    Niger
    Nigeria
    North Korea
    North Macedonia
    Norway
    Oman
    Pakistan
    Palau
    Panama
    Papua New Guinea
    Paraguay
    Peru
    Philippines
    Poland
    Portugal
    Qatar
    Romania
    Russia
    Rwanda
    Saint Kitts and Nevis
    Saint Lucia
    Saint Vincent and the Grenadines
    Samoa
    San Marino
    São Tomé and Príncipe
    Saudi Arabia
    Senegal
    Serbia
    Seychelles
    Sierra Leone
    Singapore
    Slovakia
    Slovenia
    Solomon Islands
    Somalia
    South Africa
    South Korea
    South Sudan
    Spain
    Sri Lanka
    Sudan
    Suriname
    Sweden
    Switzerland
    Syria
    Tajikistan
    Tanzania
    Thailand
    Timor-Leste
    Togo
    Tonga
    Trinidad and Tobago
    Tunisia
    Turkey
    Turkmenistan
    Tuvalu
    Uganda
    Ukraine
    United Arab Emirates
    United Kingdom
    United States
    Uruguay
    Uzbekistan
    Vanuatu
    Venezuela
    Vietnam
    Yemen
    Zambia
    Zimbabwe

    If you do this, your government will collect more money than it’s ever seen and all your problems will be solved.

  • Blade9732@lemmy.world
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    1 day ago

    Canada and Mexico should work together and add a 25% export fee to oil. I wonder how long these idiots stay in power if gas is $7 or more a gallon.

    • Corkyskog@sh.itjust.works
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      18 hours ago

      I feel like it be more impactful to put on electricity, wood pellets, timber and housing products, etc? Considering it will be harder to source than oil from elsewhere

  • NotSteve_@lemmy.ca
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    1 day ago

    It would take effect on Tuesday and would be in place until the fentanyl overdose issue is sorted.

    So forever then

  • thisorthatorwhatever@lemmy.world
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    1 day ago

    Trump is putting a tariff on Canada and Mexico to pay for his up coming tax cuts. He’s not smart enough to see that this won’t work and will cause a disaster.

  • HellsBelle@sh.itjust.worksOP
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    1 day ago

    Canada sells $108.3 billion of O&G to America at a discount.

    Guaranteed that discount disappears and at minimum there will be 10% tacked onto what America pays.

  • HejMedDig@feddit.dk
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    The average American is going to get fleeced. American corporations suddenly got rid of the competition