Trump set to unveil ‘reciprocal’ tariffs on ‘Liberation Day’
Global News
Canada is bracing for a fresh round of U.S. tariffs as the trade war launched by President Donald Trump continues to dominate the federal election campaign.
Canada is bracing for a fresh round of U.S. tariffs as a trade war launched by President Donald Trump continues to dominate the federal election campaign.
Trump has pledged to unveil on Wednesday so-called “reciprocal” tariffs on multiple countries on what he has dubbed as “Liberation Day.”
It’s not yet clear what the specifics are of his new trade policy and whether Canada will be included, or what the levels of tariffs could be.
“The president will be addressing the decades of unfair trade practices that have ripped our country off and American workers off,” White House press secretary Karoline Leavitt said Tuesday in previewing Trump’s announcement, while declining to offer any further details.
Wednesday also marks the deadline for Trump’s temporary exemption of auto parts and other goods traded under North American free trade rules from sweeping 25 per cent tariffs.
Those were imposed on March 4 in what Trump has billed as a push to get Canada and Mexico to take action on fentanyl trafficking. He has also said he wants to use “economic force” to force Canada to become the 51st state.
Leavitt would not say if Trump is considering an extension of that pause, only telling reporters to tune into Wednesday’s tariff announcement.
Meanwhile, Prime Minister Mark Carney, who is running as the Liberal Party leader, pressed pause on his election campaign for a second time in less than a week.
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