As Trump’s tariffs loom yet again, Canada is left waiting to see what happens

Canada is once again facing the threat of massive U.S. tariffs on Canadian goods, with only days remaining until President Donald Trump initiates a trade war. Internal Trade Minister Anita Anand has stated that Canada will have to wait and see what unfolds as the deadline of March 4 approaches.

Anand, who recently met with U.S. officials in Washington, emphasized that tariffs are detrimental to both countries. With the looming deadline, she expressed that Canada is prepared for any outcome but will defend the country’s economy at every turn.

In a recent interview on Rosemary Barton Live, Anand mentioned that the prevailing sentiment among U.S. lawmakers is one of uncertainty as they await the implementation of tariffs on March 4. She reiterated Canada’s stance to impose $155 billion in countertariffs in response to the proposed 25 per cent tariffs by the Trump administration.

Adding to the uncertainty, Trump has also threatened 25 per cent tariffs on steel, aluminum, auto, semiconductor, and pharmaceutical imports in the coming months. This has left Canada on edge as it braces for potential economic repercussions.

In an effort to address U.S. concerns, Canadian officials have intensified border security measures to curb the flow of migrants and fentanyl into the United States. Erin O’Gorman, president of the Canada Border Services Agency (CBSA), highlighted the agency’s concerted efforts to combat the illicit drug trade and enhance joint operations with U.S. counterparts.

Recent data from the U.S. Customs and Border Protection revealed a significant decrease in fentanyl seizures in January, indicating progress in border security initiatives. Despite these efforts, Trump continues to emphasize the need for stricter border controls to prevent the influx of deadly substances.

Former Quebec premier Jean Charest, a member of the Prime Minister’s Council on Canada-U.S. Relations, acknowledged the likelihood of tariffs being imposed on Canada. He underscored the importance of Canada adapting to the changing economic landscape and exploring new trade opportunities with European and Asian partners.

Charest urged Canada to seize the moment to redefine its economic identity and strengthen its global trade relationships. While acknowledging the challenges posed by Trump’s protectionist policies, he expressed optimism about Canada’s resilience and ability to emerge stronger from the current trade tensions.

As Canada navigates the uncertainties of U.S. tariffs, Charest emphasized the need for unity and innovative approaches to secure Canada’s economic future. Despite the evolving global trade dynamics, he remains confident in Canada’s ability to adapt and thrive in a rapidly changing world.