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Trump warns he'll drop economic hammer on Canada next week

Trump warns he'll drop economic hammer on Canada next week

CBC
Tuesday, January 21, 2025 6:32 AM GMT

Donald Trump has loaded the trade gun. He's pointed the gun. He hasn't pulled the trigger one day into his latest presidential term.

But he insists it's coming next week.

Sitting in the Oval Office for the first time in four years, Trump said he's planning to imminently follow through with the massive tariffs he's threatened against Canada and Mexico.

"We're thinking in terms of 25 per cent on Mexico and Canada," Trump told reporters Monday, as he signed various executive orders, repeating his complaints about the border and fentanyl.

"I think Feb. 1 … I think we'll do it Feb. 1. On each."

The timeline remains fuzzy: Trump signed an executive order demanding a report by April 1 on the border, migration and fentanyl, which singled out Canada, Mexico and China, but said it could apply to other countries.

America's neighbours have now received a swift reminder of life under Trump as a never-ending roller-coaster of real threats, unfulfilled threats and negotiation.

It was part of a head-spinning series of executive actions that undid Biden policies on race, gender and climate change, including a re-withdrawal from both the Paris climate accord and the World Health Organization.

Unlike his first term, however, Trump isn't limiting threats to economic action. In rhetoric at least, he's gone a step further and begun threatening nations' sovereignty.

There were three extraordinary words in Trump's inaugural address, deep enough into a lengthy sentence they risked going unnoticed.

He called for expanding American territory — something the U.S. has not done in generations, and it's not entirely clear what he was referring to.

The phrase was among a laundry list of promises sandwiched between references to reclaiming the Panama Canal and planting the U.S. flag on Mars.

It was a notable turn of phrase given his repeated musings lately about Panama, making Canada a state and annexing Greenland.

It might be a joke, or a negotiating ploy, or unserious, given how deeply unpopular annexing Canada and Greenland appears to be.

Read full story on CBC
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