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Cabinet meets at Quebec resort as Trudeau says Canada spared tariffs for now

Cabinet meets at Quebec resort as Trudeau says Canada spared tariffs for now

CBC
Monday, January 20, 2025 8:43 PM GMT

Prime Minister Justin Trudeau praised Canada's "mutually beneficial relationship" with the U.S. while congratulating President Donald Trump as he officially takes office — but Trudeau stressed that his government will defend Canadians' interests.

"Canada and the United States have the world's most successful economic partnership," wrote Trudeau in a statement following Trump's inauguration Monday.

"We are strongest when we work together, and I look forward to working with President Trump, his administration, members of the United States Congress and officials at the state and local levels to deliver prosperity for our peoples — while protecting and defending the interests of Canadians." 

Trudeau's statement comes amid reports that Trump will not impose his promised tariffs on Canada, Mexico or China on his first day in office as previously teased. 

A U.S. official confirmed to Reuters that Trump will hold off for now and instead direct agencies in a memo to "investigate and remedy persistent trade deficits and address unfair trade and currency policies by other nations."

The memo will single out China, Canada and Mexico for scrutiny but not announce new tariffs, the official said.

It offers the Liberal government a moment of reprieve — although it's unclear how long that will last.

Read full story on CBC
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