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Canadian Prime Minister Mark Carney unveiled his new cabinet at Rideau Hall in Ottawa on Tuesday, saying that the team will have a “primary focus” on the country’s economy after a whirlwind election catalyzed by tariffs and annexation threats from the United States.
Some US tariffs on Canadian imports may remain in place even as the relationship between the two countries improves, Peter Hoekstra, the US ambassador to Canada, said.
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.
President Trump seems to think not. The industries he constantly mentions when he pushes his case, including autos, energy and lumber, beg to differ.
The Canadian Press on MSN18h
Canada-U.S. talks will focus on lifting Trump tariffs: Canadian envoyAmbassador to the United States Kirsten Hillman said Monday that initial negotiations with Trump's team will focus on lifting tariffs.
The Trump administration’s tariffs on US imports and Canada’s retaliatory actions have major implications for Canadian companies and their commercial transactions. Counsel should understand the resulting contract issues and the potential use of contract clauses or other avenues that may provide relief for affected companies.
Despite tariff uncertainties, Jamieson's Q1 results were solid. Click here to read why JWLLF stock offers a GARP opportunity.
“I’m not sure they’ll be totally removed,” Hoekstra said in an interview on Global TV’s The West Block Sunday when asked about the 25% tariff US President Donald Trump placed on most Canadian goods in March, citing concerns about fentanyl entering the US.
The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.