Canadian officials claim they now have a better understanding of U.S. President Donald Trump’s trade tariff policies following recent discussions with American representatives.
Ontario Representative’s Statement
David Peterson, a representative from Ontario, stated, “This is now a defining aspect of U.S. global policy, marking a historic shift in the international trade system.”
Peterson, along with Ontario’s Minister Doug Ford, Canada’s Ambassador Christine Hillman, and other officials, held a 90-minute meeting with U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamie Greer to discuss the matter.
Trump’s Economic Strategy
According to the U.S. government, Trump’s primary objective is to reduce the federal budget deficit, which had reached $1.83 trillion by 2024. His administration’s economic plan revolves around three key elements:
A large-scale budget plan that includes spending cuts and tax reductions.
Reduced government expenditures, overseen by Elon Musk’s “Department of Government Efficiency.”
Trade tariffs, intended to generate new revenue and attract investment back into the U.S.
Starting April 2, the U.S. will impose tariffs on various sectors worldwide. However, nations with strong diplomatic ties to Washington may receive exemptions or reduced tariffs.
Canada’s Strong Response
In response, Canada has announced retaliatory tariffs worth $29.8 billion on U.S. goods.
Canadian Finance Minister Dominic LeBlanc criticized the U.S. move, stating, “We cannot remain silent while our steel and aluminum industries are unfairly targeted.”
These tariffs will affect American steel, aluminum, computers, sports equipment, and other goods.
Canada had already imposed $60 billion in counter-tariffs on U.S. products. If Trump enforces additional tariffs on April 2, Canada plans to escalate its response by slapping duties on another $100 billion worth of American goods.