January 24 2025
For Indigenous communities, the proposed tariffs may also represent an opportunity — thanks to a treaty signed before the war of 1812
Following his inauguration on Monday, U.S. President Donald Trump announced that he intends to sign an executive order that would apply 25 per cent tariffs on all goods crossing the border from Canada, and it could take effect as soon as February 1.
In a speech to the World Economic Forum on Thursday, he added that the U.S. doesn’t need Canadian resources, citing an abundance of domestic resources and a $200-250 billion trade deficit with Canada.
If Trump follows through on that threat, experts predict a 1,500,000 Canadian job losses. The resource extractive industries, on which many northern Ontario local economies depend, would be hit hard.