Summary
Canada will maintain its initial $30 billion (CA$) in retaliatory tariffs despite Trump postponing 25% tariffs on many Canadian imports for a month.
A second wave of tariffs, originally planned at $125 billion (CA$), has been suspended. Ontario will still raise electricity prices for U.S. customers, and B.C. is considering tolls on U.S. trucks going to Alaska.
Trudeau expects a prolonged trade war, following a heated call with Trump.
About 62% of Canadian imports remain subject to tariffs, as Trump pushes for U.S. companies to shift production domestically.
It’s unclear whether he doesn’t understand or whether he doesn’t care. If the aim is to disorient traditional allies while pumping the markets up and down for profit and plundering public funds while people are too confused to stop you, and keeping in the good books of your “friend” in Russia, the well being of the US population won’t even factor into his calculations.