The economic battle between the United States, Canada, and Mexico is heating up as President Donald Trump enforces sweeping new tariffs—a 25% across-the-board duty on most Canadian and Mexican imports, with a lower 10% tariff on Canadian energy.
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The decision has triggered a full-blown trade war, sparking retaliatory actions from Canadian provinces and sending shockwaves through financial markets.
📢 Major Developments & Reactions (All Times Eastern)
🔴 6:05 PM – Saskatchewan Fights Back
The office of Saskatchewan Premier Scott Moe is demanding clarity from Washington regarding Trump’s temporary tariff pause on select Canadian goods.
While any relief is welcome, the uncertainty continues to hurt businesses, leading Saskatchewan to maintain its ban on U.S. alcohol imports as a countermeasure.
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⚡ 6:00 PM – Manitoba Tightens Control Over U.S. Energy Deals
The Manitoba government now requires provincial approval for any new power purchase or export contract with the United States.
Premier Wab Kinew warns that the tariff threats cannot be ignored, but unlike Ontario, Manitoba is not yet imposing extra charges on U.S.-bound electricity.
📉 5:40 PM – Canadian Chamber of Commerce Sounds the Alarm
Canada’s business community remains deeply concerned, despite the temporary tariff pause.
🔹 Matthew Holmes, executive VP of the Canadian Chamber of Commerce, warned that “the economy is not a toy to play with.”
🔹 Canadian business leaders are in Washington this week, fighting to protect supply chains and trade relationships.
🚛 4:00 PM – British Columbia Plans to Toll U.S. Trucks
Premier David Eby is taking a hardline stance, announcing that B.C. will introduce new tolls on U.S. commercial trucks traveling through the province en route to Alaska.
Eby is also pushing for a boycott on liquor from U.S. red states, saying:
➡️ “Americans need to understand how pissed off we are.”
🇺🇸 2:00 PM – Canadian Mayors Denied Entry to White House Meeting
Montreal Mayor Valérie Plante and St. Catharines Mayor Mat Siscoe were denied accreditation for a key meeting in Washington.
Despite requests, U.S. officials claimed “diplomatic protocol” prevented last-minute approvals, leaving only American mayors at the table.
⚡ 11:42 AM – Ontario Strikes Back With Electricity Tariff
Ontario Premier Doug Ford is raising electricity costs by 25% for 1.5 million Americans in response to Trump’s tariffs.
Ford has not ruled out cutting off electricity exports entirely if the U.S. does not ease restrictions.
📉 9:40 AM – Stock Market Chaos Hits Canada & U.S.
The markets plunged as investors reacted to the escalating trade war:
📉 S&P/TSX (Canada) down 276 points
📉 Dow Jones down 533 points
📉 Nasdaq down 317 points
The Canadian dollar also dropped, reflecting investor anxiety over trade uncertainty.
🌍 What’s Next for North American Trade?
While Trump’s temporary tariff pause extends until April 2, experts warn that businesses cannot operate under constant uncertainty.
With U.S. states and Canadian provinces retaliating, diplomatic tensions rising, and market volatility surging, the question remains:
➡️ Will Trump back down, or is this just the beginning of a prolonged trade war?
For now, Canada is standing firm—ready to fight back if necessary. 🚨
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