Quebec Faces $2-Billion Blow as Trump's New Tariffs Hit Province Hardest, Report Warns
Oxford Economics said the tariffs will cut Quebec’s industrial output by nearly $2 billion a year by 2028, the steepest provincial loss in Canada.
- On Saturday, President Donald Trump's administration imposed 50% tariffs on more than 550 Canadian products, affecting roughly $20 billion in trade and representing about 5% of Canada's annual exports to the United States.
- Trump justified the taxes by claiming Canada has been "ripping off" the U.S. with "ridiculously high tariffs," implementing the measures using Section 338 of the Tariff Act of 1930, a long-dormant Great Depression-era law.
- Prime Minister Mark Carney promised "dollar for dollar" retaliation starting Sept. 8, while Premier Doug Ford warned "everything is on the table" for countermeasures; Quebec faces $2 billion in potential annual output losses by 2028.
- Escalating tensions, Trump threatened in a Sunday post to increase taxes on Canadian automotive parts and steel to 50% starting Jan. 1, 2027, as experts warn the dispute could "spiral" and cost tens of thousands of jobs.
- Urging Canadian companies to move to the U.S. "immediately" to avoid the new taxes, Trump continues to strain relations between Washington and Ottawa, raising concerns about long-term stability of critical cross-border supply chains.
26 Articles
26 Articles
Trump’s trade wars are making China’s Global South pitch easier
The latest US trade fight with Canada should matter far beyond North America. After negotiations collapsed in August, President Donald Trump imposed 50% tariffs on about $20 billion of Canadian goods. Ottawa answered with tariffs on roughly the same value of US imports. Trump then threatened 50% duties on Canadian cars, trucks and parts from […] The post Trump’s trade wars are making China’s Global South pitch easier appeared first on Asia Times.
Winnipeg Free Press
Schwartz’s Deli swaps black cherry soda for local alternative as U.S. tariffs bite
MONTREAL - On a typical summer day at Schwartz’s Deli, in Montreal, there's a lineup at the door as tourists and locals wait to get their smoked-meat sandwich.
The Toronto Star
The Hamilton SpectatorCounter-tariffs on U.S. goods have support of most Canadians, poll suggests
More than three-quarters of Canadians back Prime Minister Mark Carney's decision to abandon trade talks with U.S. President Donald Trump, a new poll suggests.
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