The Fort Worth Press - Canada challenges Trump on Tariffs

USD -
AED 3.672501
AFN 65.000545
ALL 81.652501
AMD 376.168126
ANG 1.79008
AOA 917.000263
ARS 1431.789723
AUD 1.425591
AWG 1.8025
AZN 1.704112
BAM 1.654023
BBD 2.008288
BDT 121.941731
BGN 1.67937
BHD 0.375914
BIF 2954.881813
BMD 1
BND 1.269737
BOB 6.889932
BRL 5.217399
BSD 0.997082
BTN 90.316715
BWP 13.200558
BYN 2.864561
BYR 19600
BZD 2.005328
CAD 1.36528
CDF 2199.999711
CHF 0.77566
CLF 0.021803
CLP 860.889567
CNY 6.93895
CNH 6.93092
COP 3699.522179
CRC 494.312656
CUC 1
CUP 26.5
CVE 93.2513
CZK 20.463298
DJF 177.555076
DKK 6.322198
DOP 62.928665
DZD 129.553047
EGP 46.713163
ERN 15
ETB 155.0074
EUR 0.8462
FJD 2.209497
FKP 0.73461
GBP 0.734457
GEL 2.694976
GGP 0.73461
GHS 10.957757
GIP 0.73461
GMD 73.000184
GNF 8752.167111
GTQ 7.647681
GYD 208.609244
HKD 7.81385
HNL 26.338534
HRK 6.376101
HTG 130.618631
HUF 319.493022
IDR 16855.5
ILS 3.110675
IMP 0.73461
INR 90.57645
IQD 1306.186308
IRR 42125.000158
ISK 122.709741
JEP 0.73461
JMD 156.057339
JOD 0.709029
JPY 157.200504
KES 128.622775
KGS 87.45031
KHR 4023.848789
KMF 419.000087
KPW 899.990005
KRW 1463.830447
KWD 0.30721
KYD 0.830902
KZT 493.331642
LAK 21426.698803
LBP 89293.839063
LKR 308.47816
LRD 187.449786
LSL 16.086092
LTL 2.95274
LVL 0.60489
LYD 6.314009
MAD 9.153622
MDL 17.000296
MGA 4426.402808
MKD 52.129054
MMK 2099.624884
MNT 3567.867665
MOP 8.023933
MRU 39.425769
MUR 46.060361
MVR 15.449993
MWK 1728.952598
MXN 17.269659
MYR 3.947503
MZN 63.750274
NAD 16.086092
NGN 1366.979859
NIO 36.694998
NOK 9.666396
NPR 144.506744
NZD 1.661284
OMR 0.383441
PAB 0.997082
PEN 3.354899
PGK 4.275868
PHP 58.510949
PKR 278.812127
PLN 3.567015
PYG 6588.016407
QAR 3.634319
RON 4.310399
RSD 99.268468
RUB 76.760504
RWF 1455.283522
SAR 3.748738
SBD 8.058149
SCR 13.84955
SDG 601.511502
SEK 9.011435
SGD 1.272902
SHP 0.750259
SLE 24.450613
SLL 20969.499267
SOS 568.818978
SRD 37.818002
STD 20697.981008
STN 20.719692
SVC 8.724259
SYP 11059.574895
SZL 16.08271
THB 31.535012
TJS 9.342721
TMT 3.505
TND 2.891792
TOP 2.40776
TRY 43.612496
TTD 6.752083
TWD 31.589778
TZS 2577.445135
UAH 42.828111
UGX 3547.71872
UYU 38.538627
UZS 12244.069517
VES 377.985125
VND 25950
VUV 119.182831
WST 2.73071
XAF 554.743964
XAG 0.012866
XAU 0.000201
XCD 2.70255
XCG 1.797032
XDR 0.689923
XOF 554.743964
XPF 100.858387
YER 238.402706
ZAR 16.05502
ZMK 9001.197825
ZMW 18.570764
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    0.0600

    23.95

    +0.25%

  • NGG

    1.1700

    88.06

    +1.33%

  • JRI

    0.0900

    12.97

    +0.69%

  • BCC

    1.8700

    91.03

    +2.05%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • GSK

    1.0600

    60.23

    +1.76%

  • BCE

    -0.4900

    25.08

    -1.95%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • RIO

    2.2900

    93.41

    +2.45%

  • RELX

    -0.7100

    29.38

    -2.42%

  • BTI

    0.8400

    62.8

    +1.34%

  • VOD

    0.4900

    15.11

    +3.24%

  • BP

    0.8400

    39.01

    +2.15%

  • AZN

    5.8700

    193.03

    +3.04%


Canada challenges Trump on Tariffs




In a bold and unprecedented escalation of tensions between Canada and the United States, Prime Minister Justin Trudeau has launched a vigorous counter-offensive against U.S. President Donald Trump’s imposition of sweeping tariffs on Canadian goods. This retaliatory stance marks a significant shift in the historically amicable relationship between the two North American neighbours, igniting what Trudeau has termed a "trade war" that threatens to disrupt one of the world’s most integrated economic partnerships.

The genesis of this dispute lies in Trump’s decision, enacted on February 1, 2025, to impose a 25 per cent tariff on virtually all Canadian exports to the United States, alongside a 10 per cent levy on Canadian energy products. The White House justified these measures as a response to alleged failures by Canada to curb the flow of fentanyl across the border—a claim Trudeau has dismissed as "completely bogus, completely unjustified, completely false." Official U.S. data supports Canada’s position, revealing that less than 1 per cent of fentanyl intercepted at the U.S. border originates from its northern neighbour.

In response, Trudeau announced retaliatory tariffs on March 4, targeting C$155 billion (approximately US$107 billion) worth of American goods. The first phase, effective immediately, imposes a 25 per cent tariff on C$30 billion of U.S. imports, including consumer staples such as orange juice, peanut butter, and coffee. A second tranche, set to apply to C$125 billion of additional goods—ranging from passenger vehicles to steel products—will take effect within 21 days unless the U.S. reverses its policy. "We don’t want to be here, we didn’t ask for this, but we will not back down in standing up for Canadians," Trudeau declared in a press conference from Parliament Hill.

The Canadian leader has not minced words in his criticism of Trump’s strategy. Addressing the U.S. President directly, Trudeau remarked, "Even though you’re a very smart guy, this is a very dumb thing to do," echoing a Wall Street Journal editorial that branded the tariffs "the dumbest trade war in history." He further accused Trump of pursuing a deliberate agenda to destabilise Canada’s economy, suggesting that the ultimate aim might be to weaken the nation sufficiently to facilitate annexation—a notion Trump has repeatedly floated, mockingly referring to Trudeau as the "governor" of a hypothetical 51st state.

This tariff tit-for-tat has galvanised Canadian resolve across political and regional lines. Ontario Premier Doug Ford, a key figure in Canada’s economic heartland, has vowed to "make sure Americans feel pain," announcing a ban on U.S.-made alcohol in provincial liquor stores and threatening a 25 per cent surcharge on electricity exports to New York, Michigan, and Minnesota if U.S. tariffs persist. Quebec and Ontario have joined the fray by pulling American products from their shelves, while Conservative Leader Pierre Poilievre has urged a "Canada First" approach, advocating dollar-for-dollar retaliation to protect Canadian workers and businesses.

The economic stakes are staggering. Canada exports roughly 75 per cent of its goods to the United States, including C$75 billion in automotive products annually. Economists warn that a protracted trade war could plunge Canada into recession, with the Bank of Canada predicting "severe" and potentially irreversible consequences. Yet the fallout is not unilateral: American consumers face higher prices for groceries, fuel, and vehicles, while U.S. businesses reliant on Canadian materials brace for supply chain disruptions.

Trudeau has sought to rally national unity, urging Canadians to "redouble their efforts" in supporting domestic industries and rejecting American goods. "Canadians are hurt, angry, and frustrated," he acknowledged, pointing to symbolic acts of defiance such as the booing of the U.S. national anthem at sporting events. Yet he remains steadfast: "We are Canadians. We are going to fight, and we are going to win."

Internationally, Canada plans to challenge the tariffs through the World Trade Organization and the U.S.-Mexico-Canada Agreement (USMCA), a pact Trump himself negotiated during his first term. Meanwhile, Trump has doubled down, warning via social media that any Canadian retaliation will be met with "immediate reciprocal tariffs of the same size." This brinkmanship has drawn parallels to a broader global trade conflict, with Mexico and China also imposing countermeasures against U.S. tariffs of 25 per cent and 20 per cent, respectively.

As Trudeau prepares to step down later this month—his Liberal Party set to select a new leader on March 23—he leaves behind a nation galvanised by adversity. His successor will inherit a complex battle, one that tests Canada’s economic resilience and its sovereignty against an unpredictable adversary. For now, the message from Ottawa is clear: Canada will not yield. As Trudeau put it, "This is the time to stand together. Canada remains the best country in the world."