U.S. President Donald Trump has suspended tariffs on Mexican imports until April 2. Along with this, he once again accused Prime Minister Justin Trudeau of using the trade war as an opportunity to stay in power. In a post on Truth Social, Trump claimed that despite putting Canada in a crisis, Trudeau is exploiting the tariffs as a way to further his own political agenda, which Trump argued is the cause of the problem. Trump accused Trudeau of taking this approach to secure his re-election as Prime Minister. Meanwhile, regarding Mexico, Trump stated that after discussions with President Claudi

The Canada Border Services Agency (CBSA) has begun charging a 25 percent tariff, or surtax, on goods imported from the United States. This move is in response to tariffs imposed by the Trump administration on Canadian imports, meaning these goods may now be more expensive when brought back to Canada after cross-border shopping. The US goods subject to Canada’s retaliatory surtax include items such as groceries, cosmetics, clothing, and alcohol. Personal exemptions for travellers depend on the duration of their stay in the US. For those staying more than 24 hours, up to $200 worth of goods c

Prime Minister Justin Trudeau has suggested there is no immediate resolution to the trade war with the United States. During an announcement on a child care program in Ottawa today, Trudeau responded to reporters’ questions, stating that his government is focused on minimizing the impact of tariffs. He added that Canada will remain steadfast against the trade war initiated by the US as long as it continues. The Prime Minister also spoke about his conversation with President Trump yesterday. He emphasized that tariffs would harm both American workers and businesses, urging the US to collabor

President Donald Trump has granted a one-month waiver on auto tariffs for Canada and Mexico, as confirmed by White House press secretary Karoline Leavitt. Leavitt stated that the waiver would apply to any car covered under the USMCA, the United States-Mexico-Canada Agreement. She explained that the request for the waiver came from three major automakers. Leavitt added that the companies President Trump spoke to included Stellantis, Ford, and General Motors. The White House press secretary further mentioned that the president granted the one-month waiver at the request of the companies to prev

Trump criticized Prime Minister Justin Trudeau in a post on Truth Social following a phone call with him. He accused Trudeau of attempting to use the tariff issue to maintain political power. Trump stated that Trudeau had called him to ask what could be done to stop the tariffs, and Trump responded by mentioning the ongoing issue of fentanyl deaths linked to drugs coming through the Canada-Mexico border, noting that he wasn’t sure if the situation had improved. Trump also said that Trudeau claimed there had been significant improvement, but Trump insisted that it wasn’t enough. Additional

Canada’s two largest banks suggest that interest rates could be reduced more quickly amid the trade war with the United States. The Royal Bank of Canada and the Bank of Montreal note that the economic impact of this trade conflict could compel the Bank of Canada to continue cutting rates. Douglas Porter, chief economist at the Bank of Montreal, stated that the central bank is expected to reduce rates by 25 basis points at each of its next four meetings through July, potentially lowering the key interest rate to 2 percent. Prior to the trade war, the banks had anticipated only two rate cuts,

Canada has approached the World Trade Organization regarding tariffs imposed by the Trump administration. Nadia Theodore, Canada’s ambassador to the WTO, provided this information on Wednesday. She stated that Canada has requested negotiations with the United States on tariffs through the WTO, noting that the U.S. decision leaves Canada no alternative but to act in order to protect its interests. A WTO spokesperson confirmed that Canada has submitted its request for negotiations. This marks the first stage in resolving the dispute between the two countries. If the issue is not resolved with

Prime Minister Justin Trudeau has stated that his last official day as prime minister has not yet been determined. His remarks come as the Liberal Party is set to announce its new leader on Sunday. At a press conference revealing retaliatory measures against U.S. tariffs, Trudeau explained that the timeline for his departure will depend on discussions between himself and the new party leader. He emphasized that the transition should happen quickly but acknowledged the complexities involved, particularly in challenging times. It is worth noting that Trudeau had announced his resignation on Jan

Ontario Premier Doug Ford has announced the cancellation of a $100 million deal with Elon Musk’s Starlink and imposed a 25 percent tariff on the electricity Ontario supplies to 1.5 million homes in New York, Michigan, and Minnesota. Ford also warned that if President Trump moves forward with additional tariffs on April 2, he will order the province’s energy producer to completely halt energy supplies. Additionally, Premier Ford has instructed the Liquor Control Board of Ontario (LCBO) to remove American liquor from its shelves, which previously generated about $1 billion in annual sales.