Trump tariff day: live updates for Canadians

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U.S. President Donald Trump is scheduled to impose reciprocal tariffs on U.S. trading partners, including Canada, today in his so-called “liberation day.”

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The aim of these measures is to use the U.S. trade unfairly in Trump’s eyes, but the scale and scope of the new taxes are still being discussed on Tuesday.

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When they unveil at 4 p.m., they have the potential to disrupt the global trading system and send earthquake waves through global markets, industries and economies.

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Click here to review today’s tariff news directly.

What tariffs have been met

Today’s action will be in line with the tariffs Trump has imposed.

On March 12, the United States imposed a 25% tariff on Canadian steel and aluminum imports.

On March 26, Trump signed an executive order to impose a 25% tariff on all cars and light trucks imported to the United States. The tariffs will take effect on April 2 and collections will begin on April 3.

What new tariffs may be faced in Canada

Trump has said he targeted not only tariffs imposed by other countries, but also non-tariff trade barriers.

In Canada, these may include digital sales tax, goods and services tax (GST) and dairy supply management systems.

Trump further claimed that Bank of America would not allow business in Canada, which could also justify reciprocal tariffs.

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What Canada is doing

If the United States does not delete all relevant taxes on Canada, the Canadian government promises retaliatory tariffs on another $95 billion of taxable goods, except for $59.8 billion of ready-made goods already.

Trump also faces opposition in his country. Two-partisan lawmakers of U.S. Senate members will vote in the next few days to challenge the president’s national security defense of Canadian tariffs.

Can Canada propose an agreement to avoid reciprocal tariffs?

If Canada and others want to curb trade practices that the Trump administration considers “unfair”, U.S. Treasury Secretary Scott Bessent said reciprocal tariffs will not be reached.

“Entering April 2, some of our worst trading partners have come to President Trump in terms of the way they treat us, offering a significant drop in the very unfair tariffs,” Bessent said.

Tariff Live Blog

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