U.S. President Donald Trump has said he will slap tariffs on Canadian imports today.
The tariffs will take effect on Tuesday and would be in place until the fentanyl and immigration issues are resolved.
— Donald J. Trump (@realDonaldTrump) February 1, 2025
As previously signalled, the tariffs would be 25 per cent across the board with an exception on energy which will be 10 per cent.
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CTV said Minister of Intergovernmental Affairs and Minister of Finance Dominic LeBlanc and Prime Minister Justin Trudeau are set to announce a Canadian response at 5 p.m. that will carried live on 980CJME and 650CKOM.
Listen live at 5 p.m. to 980 CJME here.
Saskatchewan Premier Scott Moe’s last-minute appeal to Trump on Friday appears to have fallen on deaf ears.
“We would ask the Trump administration to not put those tariffs on, and we would also ask our federal government to address the priorities that President Trump has raised,” Moe told reporters at the legislature.
“When you break down what has really been articulated as a priority for the President (Trump), it is stopping fentanyl, stopping illegal migrants and our NATO commitment,” Moe said
He also said he thought many Canadians would agree with Trump on fentanyl.
“it’s not a drug at all. It’s poison,” he said. “It’s killing our families and our friends and our community members across this across the nation.”
Earlier Friday, Prime Minister Justin Trudeau said Canada is ready to deliver a “purposeful, forceful but reasonable immediate” response to the tariffs. The federal government has said it has multiple options for retaliatory tariffs ready to deploy, depending on what Trump ultimately does.
Moe also reiterated on Friday previous comments that he thought retaliatory tariffs would be counter-productive.
Terry Duguid, federal Minister for Prairies Economic Development Canada, said the country is prepared for various scenarios of tariffs from Trump.
“We’ve been working on these for months, ever since Trump was was re-elected,” Duguid said.
“We will be ready. We will be strong. We will stand up for the prairies in Canada, and I’m very confident that the ministers who are front and center in this are very prepared.”
Duguid said he can’t speak to the tariffs plan until they are actually put in place, but said the federal government is prepared for anything.
“Everything is on the table,” he said. “We’re not going to reveal our hand until we do hear something final … We see the goal-posts moving every day. So I think we have to be calm and patient, but we have to be ready. And I think we are.”
Moe said the Saskatchewan government had been in meetings with various industry leaders in the agriculture, fertilizer, mining and oil and gas industries on “maybe diverting some of those products to other markets” if tariffs are imposed.
“We are an exporting province, certainly, and we are the highest exporting province of any in Canada, so we are concerned,” Moe said.
But … in Saskatchewan we are the least dependent province on our exports to the United States. That being said, they’re our largest trading partner, our most important trading partner and an ally so this scenario that we find ourselves in is both concerning and challenging.”
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