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With just days to go before Donald Trump becomes U.S. president once again, Ottawa has been looking at a list of options that could face retaliatory tariffs if he imposes 25 per cent tariffs on all Canadian goods. Reports of the potential list began emerging in media reports citing sources in November. In recent days, Canadian outlets including Global News confirmed that there are a range of items currently being considered.Among those are items like orange juice from Florida and steel from Michigan and Pennsylvania, but those are a small number of examples on the extensive list being considered, Global News has learned.Experts say a proportional response from Canada to whatever is imposed by Trump is looking likely.“For sure we’re going to have tariffs imposed on us by the Trump administr...

By Staff The Canadian Press Posted January 9, 2025 5:54 pm 1 min read Descrease article font size Increase article font size Conservative Leader Pierre Poilievre says his focus in the next federal election will be on ending the carbon price, even with the threat of tariffs from the incoming Trump administration. Poilievre says the carbon price is essentially a tariff on Canadians imposed by their own government.Speaking to reporters this afternoon for the first time since Prime Minister Justin Trudeau announced his plans to resign, Poilievre again demanded that Trudeau call a national election instead. ...

Prime Minister Justin Trudeau says U.S. president-elect Donald Trump’s rhetoric about merging the U.S. with Canada is distracting people from the costs Americans will face as a result of steep tariffs on Canadian goods. Speaking to CNN on Thursday in his first media interview since announcing his intention to resign, Trudeau also pushed back on the idea of Canada becoming the 51st U.S. state, which Trump has increasingly spoken about in press conferences and on social media.“That’s not going to happen,” Trudeau said.“What I think is happening in this is President Trump, who’s a very skillful negotiator, is getting people to be somewhat distracted by that conversation, to take away from the conversation around 25 per cent tariffs on oil and gas, and electricity and steel and aluminum and lu...

The Canadian Chamber of Commerce is calling on the federal government to restore clarity to the upcoming tax filing season by pre-emptively nixing its proposed changes to capital gains taxes. Those measures, which would see the taxable portion of capital gains rise to two-thirds from half in some circumstances, are currently in limbo and at risk of not being made law.The Canada Revenue Agency nonetheless intends to administer the changes outlined in the Liberal government’s proposal. A Department of Finance official confirmed as much in a statement to Global News this week, citing “Parliamentary convention” and a need for “consistency and fairness” for taxpayers.But the Canadian Chamber of Commerce said in a statement Thursday that going ahead with the controversial changes in a period of ...

The threat of economically damaging tariffs on Canadian goods is looming larger as U.S. president-elect Donald Trump’s inauguration draws closer — and there is little Canada can do to fight back against the tools at Trump’s disposal. Although Congress typically oversees tariff and tax policy, Trump has broad executive authority to impose tariffs for national security reasons. That’s how he justified slapping tariffs on Canadian steel and aluminum in 2018, which kicked off a cross-border trade war during Trump’s first term.This time, Trump may go further.CNN reported Wednesday, citing multiple sources, that the president-elect is considering declaring a national emergency to provide legal justification for universal tariffs on foreign imports, including the 25 per cent levy he’s threatened ...