Canada is pausing its second round of tariffs on U.S. exports after President Trump delayed tariffs on some Canadian goods until Apr. 2.
On Thursday afternoon, Trump signed executive actions to delay tariffs on all products from Mexico and Canada that are covered by the USMCA (United States-Mexico-Canada) free trade agreement, CNN says. The delay will be for 30 days and expire on Apr. 2.
However, about 62 per cent of imports from Canada would likely still face the tariffs because they’re not covered under the trade agreement, the Associated Press reports, citing a White House official.
In response, Federal Finance Minister Dominic LeBlanc posted on X that Canada will not move forward with a second wave of tariffs on $125 billion of U.S. products until Apr. 2.
The United States has agreed to suspend tariffs on CUSMA-compliant exports from Canada until April 2nd.
— Dominic LeBlanc (@DLeBlancNB) March 6, 2025
As a result, Canada will not proceed with the second wave of tariffs on $125B of U.S. products until April 2nd, while we continue to work for the removal of all tariffs.
Trump’s Canadian tariff delay comes after he announced a 30-day pause on Mexican tariffs earlier today.
Prime Minister Justin Trudeau also spoke earlier today and said the trade war is likely to continue into the “foreseeable future” and that Canada’s retaliatory tariffs will stay in place until the U.S. drops its levies.
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Despite the delay on tariffs, Ontario Premier Doug Ford told Fox Business Thursday that he will still move forward with a 25 per cent tariff on electricity exports to Michigan, New York and Minnesota starting on Monday.
“Isn’t this a shame? It’s an absolute mess. He’s created chaos,” Ford said.
Ford has said that he won’t reverse the incoming tariffs on electricity until Trump drops his tariffs.
The only thing that’s certain today is more uncertainty. A pause on some tariffs means nothing. Until President Trump removes the threat of tariffs for good, we will be relentless. pic.twitter.com/FuHGPWoHmh
— Doug Ford (@fordnation) March 6, 2025
A spokesperson for Ford’s office also confirmed to CP24 that U.S. alcohol products will not be returning to LCBO shelves following news of the tariff pause. Ford ordered the removal of American alcohol as part of his retaliatory measures announced on Tuesday, in response to Trump’s tariffs.
