Canada leader issues dire warning over ‘tariff war’ with US causing ‘more pain’ than gain

Mar 6, 2025

Article from Fox Business by Kristen Altus

Article Synopsis

Alberta Premier Danielle Smith, a strong supporter of former President Donald Trump, has expressed concerns over the U.S.-Canada tariff war, warning that it will cause more economic harm than benefit. The U.S. recently imposed a 25% tariff on Canadian goods and a 10% tariff on oil imports, prompting Canada to retaliate with its own 25% tariffs on various American exports.

While Trump exempted Mexico from tariffs under the USMCA agreement, no such deal has been reached with Canada. Smith remains hopeful for a resolution, emphasizing the importance of maintaining a strong trade relationship and calling for a swift renegotiation of the USMCA to restore tariff-free trade.

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