Canadian leaders warn of economic pain from Trump's proposed 25 percent tariff on goods

Canadian leaders are concerned about Donald Trump's plan to impose a 25-percent tariff on all goods from Canada and Mexico. Trump announced this on social media, stating the tariffs would remain until both countries address drug trafficking and illegal border crossings. Business and political figures in Canada warn that the tariffs would negatively impact economies on both sides of the border. The Canadian Chamber of Commerce estimates a 10-percent tariff could cost Canada about $30 billion annually and the U.S. around $125 billion. Canadian officials, including provincial premiers, emphasize the need for a united response to the tariffs. They highlight the potential for increased prices and economic strain for consumers and businesses in both countries.