Canadian government to announce supports in response to Trump tariffs

CBC News

· Posted: Mar 07, 2025 11:17 AM EST | Last Updated: 3 minutes ago

Federal ministers are expected to denote details of the government's program to enactment workers and businesses arsenic U.S. President Donald Trump's tariff menace continues to loom implicit the Canadian economy.

Steven MacKinnon, Mary Ng and Rechie Valdez — the ministers of labour, planetary commercialized and tiny concern — are announcing the details astatine a quality league successful Ottawa connected Friday afternoon.

In a partial climbdown on Thursday, Trump said helium is pausing tariffs connected immoderate Canadian goods until April 2, offering a reprieve from across-the-board 25 per cent tariffs.

In response, Finance Minister Dominic LeBlanc said Canada would delay its 2nd circular of retaliatory tariffs, worthy $125 billion, until April 2. That's erstwhile Trump's batch of "reciprocal" tariffs is due to beryllium imposed connected countries astir the world.

Widespread U.S. tariffs would person a devastating effect connected the Canadian economy, with experts saying it would pb to hundreds of thousands of occupation losses and wreak havoc successful cardinal sectors specified arsenic Ontario's car industry.

American tariffs connected each alloy and aluminum are inactive owed to travel into effect adjacent week. Canada is the starring exporter of some metals to the U.S.

Friday's quality league is scheduled to commencement astatine noon. You tin ticker it unrecorded connected this page.

More to come.