Trump plans 25% tariffs on Canadian imports starting January 2025

U.S. president-elect Donald Trump plans to impose a 25% tariff on all imports from Canada and Mexico starting January 20, 2025. This announcement has raised concerns among Canadian industry groups about potential impacts on key sectors, particularly auto manufacturing and oil. Experts indicate that Ontario and Alberta could be most affected due to their significant exports to the U.S. The aluminum industry is also preparing for possible shifts in trade, considering alternative markets if tariffs are implemented. Canadian farmers are worried about the effects on agriculture, as 70% of grains are exported to the U.S. Industry leaders emphasize the need for negotiations to avoid disruptions in trade and supply chains.