United States President Donald Trump confirmed this weekend that 25% tariffs against Canadian goods will go into effect on Tuesday. Prime Minister Justin Trudeau has said Canada will retaliate with tariffs of its own against $155 billion worth of American goods, including alcohol, furniture and natural resources.
Here’s the latest (all times eastern):
11 a.m.
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10:50 a.m.
Mexican President Claudia Sheinbaum says her country is being granted a one-month reprieve from U.S. tariffs.
In a statement posted on the social media platform X, Sheinbaum says she spoke with Trump this morning and calls it a “good conversation” with “great respect” for Mexico’s sovereignty.
She says Mexico has agreed to station 10,000 members of its national guard on the U.S. border to combat drug trafficking with a focus on fentanyl.
In exchange, Sheinbaum says the U.S. committed to working on preventing the movement of high-powered weapons into Mexico.
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10:30 a.m.
Poll results released today suggest that almost two-thirds of residents in the Maritimes expect to travel less to the United States because of Donald Trump’s presidency.
The Narrative Research survey of 1,618 residents of Nova Scotia, New Brunswick and P.E.I. — conducted between Jan. 30-31 _ found that 62 per cent of respondents said they would spend less time travelling south, with the top reason being dissatisfaction or disagreement with Trump’s leadership. One-third of those curtailing their travel cited financial reasons specifically related to tariffs, and opposition to Trump’s economic policies.
A similar survey in December found only 37 per cent of respondents were expecting to travel less to the U.S.
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10:30 a.m.
Ontario Premier Doug Ford says U.S. President Donald Trump is causing Canadians to face some of their toughest challenges ever with tariffs coming into effect on Tuesday.
He says that if Canada is going to win the fight, everything needs to be on the table and policy-makers must identify critical points of leverage for maximum impact.
Ford, who is campaigning for re-election, announced today that he would rip up a $100-million deal with Elon Musk’s satellite internet constellation Starlink, following the premier’s announcement that the province’s liquor monopoly would pull American products off the shelves.
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10:25 a.m.
Impending American tariffs have given the Doug Ford PCs their highest approval ratings in nearly a year, new polling suggests.
The Liaison Strategies poll, commissioned by the National Ethnic Press and Media Council of Canada (NEPMCC,) found the Ontario Progressive Conservatives doubled their lead over the previous week, pulling a 43% approval rating among decided and leaning voters compared to the Bonnie Crombie Liberals at 31% between Jan. 31 and Feb. 1.
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10 a.m.
Prime Minister Justin Trudeau’s office confirmed he spoke with U.S. President Donald Trump this morning and will speak with him again later today.
Trump has linked his coming trade war with Canada to fentanyl crossing the border into the U.S., but in a post on Truth Social he also questioned why Canada, in his words, “doesn’t even allow U.S. banks to open or do business there.”
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U.S. GOODS FACED WITH CANADIAN TARIFFS
Here are some of the major categories of items imported by the U.S. being hit with Canadian tariffs, along with their approximate annual dollar values:
— Cosmetics and body care: $3.5 billion
— Appliances and other household items: $3.4 billion
— Pulp and paper products: $3 billion
— Tires: $2 billion
— Plastic products: $1.8 billion
— Precious gems and metals: $1.7 billion
— Furniture: $1.6 billion
— Wood products: $875 million
— Coffee: $714 million
— Grains: $600 million
— Wine, grape spirits and other products: $589 million
— Cocoa products: $569 million
— Tools and cutlery: $560 million
— Dairy: $555 million
— Sugar and sugar-containing products: $542 million
— Sauces and dressings: $517 million
— Fruits: $512 million