Canada among Trump's ‘friendly’ countries — for now — as next tariff deadline looms
- In March 2025, uncertainty loomed due to an upcoming U.S. Tariff deadline amid a trade war initiated by then U.S. President Donald Trump, who pledged sweeping duties on imports from across the globe, including Canada.
- This situation was aggravated by existing issues with heavy-duty parts supply and lessons learned during the COVID-19 pandemic, as well as reciprocal tariffs between America and Canada that were expected to impact vehicle parts supply and pricing.
- The evolving tariff threats had already chilled investment and frozen hiring decisions, leading some companies to cancel new product launches and TFI International, the country's biggest trucking company, to withhold financial forecasts.
- According to Matthew Holmes, head of public policy at the Canadian Chamber of Commerce, companies experienced a surge in business before the tariff, followed by a sharp decline after it hit, while Goldy Hyder, CEO of the Business Council of Canada, stated, "Nobody knows what the heck is going on."
- Economists and the Bank of Canada predicted a potential recession if sweeping tariffs took effect, although negotiations for a new economic and security relationship were announced, offering some hope for stability, with vehicles containing 50% U.S.-made parts potentially exempt from tariffs.
46 Articles
46 Articles
Canada among Trump’s ‘friendly’ countries — for now — as tariff deadline looms
MONTREAL -- Uncertainty reigns ahead of a looming U.S. tariff deadline next week, with businesses stuck in a holding pattern that has halted capital investment, hiring and financial forecasts at some firms amid a trade war where the next steps -- and even who counts as a friend -- remain foggy.
Canada among Trump's 'friendly' countries -- for now -- as next tariff deadline looms
MONTREAL -- Uncertainty reigns ahead of a looming U.S. tariff deadline next week, with businesses stuck in a holding pattern that has halted capital investment, hiring and financial forecasts at some firms amid a trade war where the next steps -- and even who counts as a friend -- remain foggy.

Canada among Trump's ‘friendly’ countries — for now — as next tariff deadline looms
Breaking News, Sports, Manitoba, Canada
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