March 7, 2025 - 23:22
In a surprising turn of events, President Donald Trump has indicated that he may impose new tariffs on Canadian products, including a staggering 250% tax on dairy items. This announcement comes just a day after he granted Canada a temporary reprieve from nearly universal 25% tariffs that had been under consideration. The potential tariffs could be enacted as soon as Friday, targeting both lumber and dairy sectors, which are vital components of the Canadian economy.
The move has raised concerns among Canadian officials and industry leaders, who fear that such steep tariffs would have devastating effects on trade relations between the two neighboring countries. The dairy industry, in particular, has been a contentious issue in U.S.-Canada trade discussions, with both nations vying for market share.
As the deadline for these tariffs approaches, the implications for bilateral trade and economic cooperation remain uncertain, leaving many to speculate about the potential fallout from this latest threat.
