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The Canadian and Mexican architects of the Canada-U.S.-Mexico Agreement say Donald Trump’s trade war has crossed a line that essentially wipes out the continental trade pact, as experts suggest the president’s actions are meant to rattle America’s closest neighbours ahead of a mandatory review. Canada’s chief negotiator, Steve Verheul, and Mexico’s chief negotiator, Ken Smith Ramos, said the devastating duties essentially suspend the Canada-U.S.-Mexico Agreement.“With 25 per cent tariffs, it blows a complete hole in the trade agreement,” Verheul said Wednesday.“It makes it virtually worthless to us. In fact, it leaves Canada and Mexico in a far worse position than any other country in the world practically.”Trump followed through Tuesday on his threat to impose sweeping economy-wide tariff...

As the U.S. finally slaps long-threatened tariffs on Canada, a population unaccustomed to conflict wonders: what does President Donald Trump have against us, anyway? Theories abound, from the plausible (It’s about the lack of U.S. access to the Canadian dairy market), to the personal (Trump really, really doesn’t like Canadian Prime Minister Justin Trudeau), to the neo-colonial (the U.S. wants to annex us) to the perverse. (Could it have been that 2019 photographic faux pas, when Trudeau looked like he wanted to smooch the First Lady, Melania?)Trump has given his own reasons — lax border security and fentanyl, but sometimes impeded access to banking or an incorrectly quoted trade imbalance — but those reasons have either been disproven or dismissed. He frequently goads Canada and “Governor...

By Staff The Canadian Press Posted March 5, 2025 4:54 pm Updated March 5, 2025 4:56 pm 1 min read Descrease article font size Increase article font size The commissioner of the National Hockey League, Gary Bettman, said any negative effects on the Canadian dollar caused by the Donald Trump administration’s tariffs could be “painful” for the league. Speaking Wednesday on CNBC’s Squawk Box, Bettman said the NHL’s seven Canadian clubs perform well and account for 25 per cent of the league’s revenue.But he said a d...

Descrease article font size Increase article font size Ontario Premier Doug Ford says his decision to rip up a contract with Elon Musk‘s internet service is permanent and won’t be reversed, even if Canada’s tariff war with the United States is resolved. On Tuesday, U.S. President Donald Trump slapped 25 per cent tariffs on the vast majority of Canadian imports, sparking a growing trade war between the two neighbouring countries.As part of its response, Ontario removed U.S. alcohol from the shelves of the LCBO, banned American companies from bidding on provincial contracts and cancelled a deal between Musk’s SpaceX and the provincial government.The cancelled contract is worth $100 million and was first signed in November 2024 to deliver Starlin...

Ontario Premier Doug Ford says he is unsure about a 30-day tariff reprieve for automakers, which he believes could be used to try and tempt companies to move their operations south of the border. Speaking at Queen’s Park on the second day of Canada’s tariff battle with the United States, Ford said he and Prime Minister Justin Trudeau were aligned in their demand that tariffs be scrapped, not reduced or delayed.On Tuesday, 25 per cent tariffs were slapped on the vast majority of Canadian imports to the United States. Later that same day, U.S. Commerce Secretary Howard Lutnick said the White House could potentially meet Canada “in the middle” on tariffs.Ford said he and Trudeau were “on the same page” in rejecting that offer and insisting on “zero tariffs” on Canada. Story continues ...