Toronto — Canadian business leaders are waiting anxiously to find out whether the sweeping tariffs threatened by incoming U.S. president Donald Trump will become a reality.
Trump’s inauguration today could mark the beginning of a difficult road for Canadian companies, particularly those that rely on the U.S. as a major trading partner.
The incoming Republican president has threatened 25 per cent across-the-board tariffs on imports from Canada, though lower tariffs are reportedly being considered.
Canada has said it’s ready to retaliate, with Prime Minister Justin Trudeau saying Friday that “everything is on the table.”
Business leaders have warned that the tariffs could make a big dent in not only Canada’s economy, but the U.S. economy as well.
It would disrupt sectors that trade heavily with the U.S., such as the automotive, agriculture and energy sectors.
This report by The Canadian Press was first published Jan. 20, 2025.
The Canadian Press
Related Stories
Canadian business leaders wait for news on tariff threats ahead of Trump inauguration Canadian News Today.
Read More Details
Finally We wish PressBee provided you with enough information of ( Canadian business leaders wait for news on tariff threats ahead of Trump inauguration )
Also on site :
- Former student kills 10 people in Austrian high school shooting
- Chart-Topping '90s Rocker, 59, Stuns Fans With Unexpected Side Career
- Country Legend Makes Generous Donations Across North America This Summer