A few days ago, the country’s political leaders are still in the darkness of what Donald Trump does accurately in the dark, in which tariffs that have the potential to inconven Canadian economy. 。
Since his re -election in November, Trump has repeatedly stated that Canada and others will attack up to 25 % of the tariffs. On the first day of returning to an elliptical office, Trump suggested that tariffs on Canadian products could come on Saturday.
The federal government is preparing retaliation tariffs if Trump pursues his threat. The sources have confirmed in CBC News that the government has prepared billions of dollars for Canadians and companies in anticipation of the potential tariffs of the United States.
However, several ministers said on Wednesday that there was no accurate guessing of how Canada would respond until Trump’s plan was clear.
Natural and resources, Jonathan Wilkinson, stated that the aid package, which could be implemented by the government, depends on what kind of industry will be affected by potential tariffs.
“We need to wait a little. We don’t have a tax -related tax right now. Who try programming to support the most affected people? It doesn’t make much sense to know. “
“Our main debate with the United States today is that we should not have tariffs in the first place, and we do not give up.”
Energy and the Minister of Natural Resources, Jonathan Wilkinson, say that there is an alternative to the US administration that imposes a valuable thing that is worthwhile to match the things they have exercised.
In another press conference, the Tables said that all options for retaliation tariffs were on the table, at the Table.
“We will respond kindly. Needless to say, we will respond beyond our own tariffs, according to the size of these measures,” he said.
Wilkinson said that Trump’s customs ended games were “not simple.”
President’s message about the reason why proposed tariffs are needed is mixed. Trump says he is worried about drugs and immigrants from Canada, and sometimes quotes the trade deficit as his irritation.
There was a suggestion that Trump wants tariffs Increase the income of the federal government And he is complaining again Canada is delaying defense spending。
“I was in Washington a few weeks ago. I met many senior Republican people … and when you talk to all of them, the general answer you get is,” They are Canada. I do not really understand the reason for targeting. ” Wilkinson said on Wednesday.
“When you ask them what he is trying to do, they all say,” We don’t know. ” “
The Comerious Secretary’s Candidate Howard Lutonic asked about the potential impact of tariffs in Wednesday’s hearing. Lutonic, which seemed to suggest that tariffs could be stepped, pointed out the border issues between Canada and Mexico as a “short -term” issue. Lutonic quoted both Fentanyl and non -documented immigrants as the Trump administration’s concern, but did not provide more about his claim in search of the end of Fentanyl to the United States.
Howard Rutonic, who tapped Trump to become his commercial secretary, provided insights about what the president’s plan was.
In the confirmation hearing on Wednesday, Lutonic stated that there are two steps of tariff planning that Canada and Mexico may be hit by the first trade punishment within a few days, and faces a wider penalty this spring. Ta.
“This is an independent tariff for creating actions from Mexico and taking action from Canada. [on the border] And as far as I know, they are acting quickly, and if they do it, there is no tariff, “he said.
One of Trump’s first presidential order is to many of the United States, especially the US “large -scale and sustainable annual trade disorders in products, and economic and national security caused by such deficits. Investigate the impact and risk. ” 。 ”
The order was also asked for an illegal immigration from Canada in Mexico and the flow of Fentanil. [and China]。 Both research will be completed by April.
Ottawa has shown motivation to involve Trump due to border issues, has announced a $ 1.3 billion border package, bringing more personnel and skills to make the 49th parallel.
There is also data in Canada. The number of US customs border security has shown that last year it seized Fentanyl of only 19.5 kilograms on the northern border.
The US government’s own data suggests that as of November 2024, the trade with Canada was $ 55 billion in the United States. However, the Canadian government has pointed out that data excludes transactions in services such as the entertainment industry. Authorities also state that the Americans actually have a trade surplus, except for oil exports promoted by US demand.
Defense Minister Bill Blair said last week that Canada plans to promote a plan to achieve 2 % NATO expenditures by 2027, in contrast to 2032.
Canadian bank warns that he can do almost nothing to offset tariffs.
The Canadian Bank has warned that the major interest rates are reduced by 25 basis points on Wednesday, and Trump’s tariff threats have contributed to the uncertainty about future rates.
Bank Governor Tiff McLem told Ottawa that the central bank has analyzed various scenarios in consideration of tariff threats. But he stated that Trump should follow his promise to do the central bank.
“Monetary policy cannot offset the economic results of prolonged trade disputes. In reality, the economy will not work efficiently, Canada will make less money and less money,” he says. I did it.
“Monetary policy cannot change it. It cannot be offset, which can be used by the economy and trying to become a source of stability through its coordination.”
The Canadian Bank Governor Tiff McLem says that long -term trade disputes with the United States will be a “complicated impact” for monetary policies because the country faces both weaker growth and higher inflation.
McLem said how banks react to tariffs depend on their impact. He stated that customs duties could not only be growing, but also have a double effect by applying upward pressure on inflation due to rising prices.
“We intend to evaluate these two relative weights [factors]McLem said.
For now, McLem has said that his focus is to guarantee that the economy is stable on a sufficient foothold to respond to tariffs in the event of being imposed.
