TORONTO (AP) — Canada’s initial retaliatory tariffs against the U.S. will remain in place despite President Donald Trump postponing 25% tariffs on many imports from Canada for a month, two senior Canadian government officials said.
Trump said Thursday that he has postponed 25% tariffs on many goods from Canada and Mexico for a month, amid widespread fears of a broader trade war.
Two senior Canadian governments official told the Associated Press that Canada’s first wave of response tariffs will remain.
Finance Minister Dominic LeBlanc said Canada has suspended a second wave of retaliatory tariffs after Trump signed the executive order to pause some duties.
Ford said Ontario’s tariff would remain in place despite the one-month reprieve from Trump.
Despite Trump’s claim that the U.S doesn’t need Canada, nearly a quarter of the oil America consumes per day comes from Canada.
About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports as well. »