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Canada is vowing to fight back against U.S. President Donald Trump’s sweeping tariffs that went into effect Tuesday, and potash could become a potent weapon in the growing trade war — but economists are urging caution. Potash is a key ingredient in fertilizer, and roughly 85 per cent of the supply used by American farmers comes from Canada — particularly Saskatchewan, where potash is a major export market.U.S. farming groups and even some Republicans aligned with Trump have called for potash to be exempted from the blanket tariffs out of concern for the agricultural industry.Ontario Premier Doug Ford told reporters Tuesday that Saskatchewan Premier Scott Moe should consider no longer selling potash, uranium and oil to the United States and instead find different markets.“We need to make su...

Descrease article font size Increase article font size U.S. President Donald Trump may announce a deal with Canada and Mexico on Wednesday that sees the countries “meet in the middle” on tariffs, his commerce secretary said after the president launched a trade war Tuesday. U.S. Commerce Secretary Howard Lutnick told Fox News Trump will “work something out with them” after imposing 25 per cent tariffs on Canadian and Mexican goods and 10 per cent levies on Canadian energy. Canada launched retaliatory tariffs shortly afterward, with Mexico promising to do the same. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. ...

Alberta Premier Danielle Smith says she supports Prime Minister Justin Trudeau’s response after the United States launched a trade war with Canada early Tuesday. “Now is the time for us to unite as a province and a country,” Smith said in a statement.At 12:01 a.m. ET, U.S. President Donald Trump’s promised 25 per cent tariffs on Canadian exports took effect. Canadian energy is being hit with 10 per cent tariffs.At a news conference in Ottawa on Tuesday, Trudeau said Canada will counter the tariffs by imposing 25 per cent retaliatory tariffs on $30 billion worth of U.S. products, and added that will grow to another $125 billion in U.S. goods in 21 days.Smith called Trump’s tariffs “an unjustifiable economic attack on Canadians and Albertans.”“They also represent a clear breach of the trade ...

The push for Canada to send more of its oil and natural gas to markets outside of the United States intensified Tuesday as U.S. President Donald Trump pressed ahead with a 10 per cent levy on energy imports. “This crisis demonstrates the clear and urgent need to build more natural resource infrastructure,” said the Explorers and Producers Association of Canada, which represents conventional oil and gas producers.“A bold and necessary action that the Canadian government should take to respond is to build retaliatory pipelines to diversify our economy to other markets beyond the United States, growing our economic power and supporting Canadian values.” Lisa Baiton, president and CEO of the Canadian Association of Petroleum Producers (CAPP), called for an urgent policy overhaul to allow v...

Prime Minister Justin Trudeau on Tuesday said Ottawa is hitting back against U.S. President Donald Trump‘s tariffs against Canada. In a press conference held in Ottawa, he called Washington’s trade action “very dumb” and vowed to “hit back hard” as the country retaliates to try and get the tariffs lifted as soon as possible.Here is a transcript of his remarks, including the English interpretation where he spoke in French.Trudeau: So today the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the same time, they’re talking about working positively with Russia, appeasing Vladimir Putin, a lying, murderous dictator.Make that make sense.Canadians are reasonable and we are polite, but we will not back down from a fight — not when our cou...

As the United States pauses military aid to Ukraine amid a deepening rift between the two nations, Prime Minister Justin Trudeau reaffirmed Canada’s unwavering support for Kyiv, drawing a stark contrast with Washington. Speaking to reporters Tuesday, Trudeau said the U.S. seems to be aligning more with Russia amid the ongoing war, emphasizing that Canada continues its support for Ukraine and will not waver in standing against Russian aggression.“We know who our friends are, we know who our opponents are. And there is no question that Vladimir Putin and his attack, not just on Ukraine, but on the rules-based international order, on the founding principles of the United Nations, is an opponent of Canada,” Trudeau said.“Today the United States launched a trade war against Canada, their closes...