this post was submitted on 01 Feb 2025
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CTV News' chief political correspondent Vassy Kapelos says Canada was notified this morning by the U.S. that China, Mexico and Canada will be subject to tariffs: 25 per cent across the board with the exception of energy, which will be 10 per cent.

It would take effect on Tuesday and would be in place until the fentanyl overdose issue is sorted.

Minister of Intergovernmental Affairs Dominic LeBlanc and Prime Minister Justin Trudeau will announce a Canadian response at 6 p.m. ET tonight.

A senior government source tells CTV News that Ottawa is expecting something formal at 2 p.m. EST. Cabinet is set to meet at 3 p.m. EST.

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[–] thisorthatorwhatever@lemmy.world 75 points 23 hours ago (3 children)

Trump just killed the N. American auto industry. You can't remake all the supply chain lines overnight. Some parts cross the border multiple times, meaning way more than a 25% tariff in the end. Asian car companies are going to take over.

[–] Zerlyna@lemmy.world 12 points 21 hours ago

Agreed. I’m an import buyer in the auto industry. There’s no one in the us that makes some of these parts. He just made China more attractive now. It will take at least 6 months to retool and go thru sampling process.

[–] tal@lemmy.today 3 points 15 hours ago* (last edited 15 hours ago) (1 children)

https://archive.ph/rXQMp

General Motors executives are closely tracking President Trump’s plans to impose tariffs on imports from Canada and Mexico, but the company is not yet making any major changes to its strategy in North America in response to the threatened tariffs.

The automaker has pulled together an “extensive playbook” of possible options but won’t put them in place “until the world changes dramatically, and we see a permanent level of tariffs going forward,” the company’s chief financial officer, Paul Jacobson, told reporters in a conference call on Monday evening.

“I won’t go into the details exactly but we’ve been preparing for that and want to make sure that we are prudent and don’t overreact,” he added.

Mr. Trump said last week that he planned to impose tariffs of 25 percent on goods from Canada and Mexico starting on Saturday, Feb. 1. If he followed through on those plans, the tariffs would deal a big blow to G.M. and other automakers that produce vehicles and components in those countries, and probably increase the prices of many vehicles sold in the United States.

G.M. produced nearly 900,000 vehicles in Mexico in 2024, more than any other carmaker, and most of those were shipped to the United States. Among them are the Chevrolet Silverado and GMC Sierra pickup trucks, as well as the Chevrolet Equinox sport-utility vehicle — all top-sellers and big sources of profit for the company. It also produces some Silverados and electric delivery vans in Canada.

It sounds like GM is saying that they expect that the tariffs may be short-lived.

Trump has, from what I've read, stated that the tariffs will be in place until Canada and Mexico address the fentanyl crisis. I have not seen any concrete conditions, or any suggestion that he attempted to negotiate using the threat of tariffs, both of which I would expect if he had policy concessions he wanted.

In the past, Trump has repeatedly made vague and not very accurate assertions that his policies were extremely successful, including those that had little or negative impact. For example, he declared that he got rid of NAFTA, which was a "horrible deal", when his base didn't like it, and replaced it with the USMCA, which was essentially the same free trade agreement with some minor tweaks and a new name. The typical voter doesn't look at the specifics of US FTAs or statistics in general, so Trump was able to give them the impression that he had dramatically altered the situation in ways they wanted, while not doing so.

So if you figure that he declares that his fentanyl policy is a great success, pulls the tariffs after a short period of time, maybe does the "cut a check with his name on it" stunt that he did with the economic stimulus stuff, this time using funds from tariffs, he might manage to convince supporters that he's done something substantive without needing to do much, score political points. Same as with The Wall that was the centerpiece of his first campaign and never quite happened or the aforementioned NAFTA changes.

[–] sik0fewl@lemmy.ca 4 points 15 hours ago

It sounds like GM is saying that they expect that the tariffs may be short-lived.

To me, it sounds like GM has no plan and they hope the tariffs are short-lived.

[–] Someone@lemmy.ca 34 points 21 hours ago* (last edited 21 hours ago) (2 children)

I might be the only Canadian brave enough to say this, but I don't think y'all are going hard enough on the tariffs. Too many countries have taken advantage of you. You need to slap a minimum 100% tariff on all these countries ASAP:

Afghanistan
Albania
Algeria
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
The Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Central African Republic
Chad
Chile
China
Colombia
Comoros
Democratic Republic of the Congo
Republic of the Congo
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Eswatini
Ethiopia
Fiji
Finland
France
Gabon
The Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Iraq
Republic of Ireland
Islamic Republic of Afghanistan
Israel
Italy
Ivory Coast
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Federated States of Micronesia
Moldova
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Netherlands
New Zealand
Nicaragua
Niger
Nigeria
North Korea
North Macedonia
Norway
Oman
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
São Tomé and Príncipe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Sweden
Switzerland
Syria
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Yemen
Zambia
Zimbabwe

If you do this, your government will collect more money than it's ever seen and all your problems will be solved.

[–] duckythescientist@sh.itjust.works 11 points 15 hours ago* (last edited 15 hours ago) (2 children)

United States

100% tariff on ourself. Hell yeah!

[–] SocialMediaRefugee@lemmy.world 4 points 15 hours ago (1 children)

Next stop, interstate tariffs

[–] Maiq@lemy.lol 2 points 14 hours ago

Peace love and Pennsylvania turnpike!

[–] tiefling@lemmy.blahaj.zone 2 points 14 hours ago

It'll go straight to the billionaire class

[–] SocialMediaRefugee@lemmy.world 5 points 15 hours ago

He is solving inflation in the US by jacking up prices. He is a genius!

[–] Blade9732@lemmy.world 39 points 22 hours ago (1 children)

Canada and Mexico should work together and add a 25% export fee to oil. I wonder how long these idiots stay in power if gas is $7 or more a gallon.

[–] Corkyskog@sh.itjust.works 1 points 14 hours ago

I feel like it be more impactful to put on electricity, wood pellets, timber and housing products, etc? Considering it will be harder to source than oil from elsewhere

[–] NotSteve_@lemmy.ca 57 points 1 day ago (1 children)

It would take effect on Tuesday and would be in place until the fentanyl overdose issue is sorted.

So forever then

[–] billiam0202@lemmy.world 45 points 1 day ago (3 children)

What, are those dipshits now saying fentanyl comes from Canada too!?

[–] Unleaded8163@fedia.io 31 points 23 hours ago

And that it's somehow Canada's responsibility to police what enters the USA.

[–] NotSteve_@lemmy.ca 26 points 1 day ago

APPARENTLY! Barely any realistically comes from our side though. A bigger issue is American guns crossing over from the US...

[–] avidamoeba@lemmy.ca 6 points 23 hours ago

That's been front and center.

[–] SocialMediaRefugee@lemmy.world 4 points 15 hours ago

Wait until we have interstate tariffs

[–] thisorthatorwhatever@lemmy.world 36 points 23 hours ago

Trump is putting a tariff on Canada and Mexico to pay for his up coming tax cuts. He's not smart enough to see that this won't work and will cause a disaster.

[–] HellsBelle@sh.itjust.works 36 points 1 day ago* (last edited 1 day ago) (1 children)

Canada sells $108.3 billion of O&G to America at a discount.

Guaranteed that discount disappears and at minimum there will be 10% tacked onto what America pays.

[–] usualsuspect191@lemmy.ca 25 points 22 hours ago

Why isn't fentanyl on there? Should be right at the top

Come onSarcasm, in case that's not clear

[–] HejMedDig@feddit.dk 25 points 1 day ago

The average American is going to get fleeced. American corporations suddenly got rid of the competition