Canada reacts to Trump's proposed 25 percent tariff on goods

OTTAWA - Canadian leaders are responding to U.S. president-elect Trump's threat of a 25% tariff on Canadian goods. Finance Minister Chrystia Freeland emphasized the importance of Canada and the U.S. as trading partners and called for unity. Conservative Leader Pierre Poilievre urged Prime Minister Trudeau to avoid tax increases, while Manitoba Premier Wab Kinew warned that tariffs could lead to a recession. B.C. Premier David Eby noted Canada's strong purchasing power from the U.S. Ontario Premier Doug Ford criticized comparisons to Mexico, and Alberta Premier Danielle Smith called for cooperation to prevent tariffs. Business groups warned that tariffs would harm both Canadian and U.S. economies, stressing the need for a new industrial strategy.