Summary
Canada will maintain its initial $30 billion (CA$) in retaliatory tariffs despite Trump postponing 25% tariffs on many Canadian imports for a month.
A second wave of tariffs, originally planned at $125 billion (CA$), has been suspended. Ontario will still raise electricity prices for U.S. customers, and B.C. is considering tolls on U.S. trucks going to Alaska.
Trudeau expects a prolonged trade war, following a heated call with Trump.
About 62% of Canadian imports remain subject to tariffs, as Trump pushes for U.S. companies to shift production domestically.
Trump didn’t promise to keep the tarrifs lifted, only to pause them. You are correct that it’s insane to have a continual 30 day “will he won’t he” tension.
I hate that my syrup is about to get more expensive, but it’s really the right thing for Canada to do.
Yes, that’s my point. Hence why Canada responded by saying “That’s not good enough, remove the tariffs entirely and make a clear promise that they’re not coming back, or else our tariffs will continue.”