About The Backgrounder:
On March 4, 2025 President Trump imposed 25 per cent tariffs on Canadian imports to the United States, and 10 per cent tariffs on energy imports. A prolonged trade war will have enormous consequences for Canada’s economy and Canadians, putting countless jobs at risk, undermining domestic and foreign investment into the country, and reigniting inflation as costs on companies are passed on to consumers. Canadian governments should be using their most powerful tools and adopting counter-measures that build the treasury to cushion the blow for workers and communities and set Canada up to transition the economy away from dependence on oil and gas for the long term.
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