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President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil” and reiterated his threat to use tariffs to bring manufacturing back to the U.S. 

TORONTO — Top Canadian ministers said Jan. 20 that Canada will be ready to retaliate after President Donald Trump said he was thinking of imposing a 25% tariff on Canada and Mexico on Feb. 1.

WASHINGTON — President Donald Trump said Jan. 20 that he expects to put 25% tariffs on Canada and Mexico starting Feb. 1, while declining to flesh out his plans for taxing Chinese imports.

Trump will act swiftly after the ceremony, with executive orders to clamp down on border crossings, increase fossil fuel development and end diversity and inclusion programs.

Canada’s draft plan to retaliate against U.S. tariffs may roll out in stages, with the government preparing to hit all American steel and aluminum products with counter-tariffs if necessary.

Canada has drawn up an initial list of C$150 billion of U.S.-manufactured items that it would hit with tariffs if President-elect Donald Trump decides to levy tariffs against Canadian goods.

U.S. President-elect Donald Trump’s vow to impose 25% tariffs on imports from Canada is finally starting to disrupt Canada’s oil industry.

Canadians should be prepared to face U.S. tariffs once Donald Trump assumes the presidency next week, with no exemptions for oil, Alberta Premier Danielle Smith warned.

The automaker hasn’t decided where to build certain new vehicles such as the replacement for the Jeep Cherokee midsize SUV, which ceased production in the key segment in 2023.

Canada is drawing up plans for extensive tariffs against U.S. products if President-elect Donald Trump follows through on his threat to put 25% levies on Canadian goods.