{"id":15065,"date":"2025-02-04T12:57:39","date_gmt":"2025-02-04T12:57:39","guid":{"rendered":"http:\/\/torontotribune.ca\/index.php\/2025\/02\/04\/despite-trumps-tariff-pause-uncertainty-looms-over-canadian-economy-national\/"},"modified":"2025-02-04T12:57:39","modified_gmt":"2025-02-04T12:57:39","slug":"despite-trumps-tariff-pause-uncertainty-looms-over-canadian-economy-national","status":"publish","type":"post","link":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/04\/despite-trumps-tariff-pause-uncertainty-looms-over-canadian-economy-national\/","title":{"rendered":"Despite Trump\u2019s tariff pause, uncertainty looms over Canadian economy – National"},"content":{"rendered":"


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Uncertainty still hangs over the Canadian economy despite U.S. President Donald Trump announcing a 30-day pause in tariffs<\/a> that were to take effect today.<\/p>\n

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The temporary reprieve halts \u2014 at least for now \u2014 a continental trade war that economists on both sides of the border warned would raise prices.<\/p>\n

Trump\u2019s decision meant Canada and the provinces also halted their moves to retaliate including with tariffs and bans on U.S. alcohol sales north of the border.<\/p>\n

Trump on Saturday signed an order to impose 25 per cent across-the-board tariffs on Mexican and Canadian imports, with a lower 10 per cent tariff on Canadian energy.<\/p>\n

On Monday, following two phone calls with Prime Minister Justin Trudeau, Trump said the tariffs would be off the table for 30 days to see if the two countries could reach a \u201cfinal economic deal.\u201d<\/p>\n

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In his own social media post, Trudeau outlined his government\u2019s $1.3 billion plan to address Trump\u2019s stated concerns about border security that Canada unveiled in December.<\/p>\n

He also said nearly 10,000 front-line personnel \u201care and will\u201d be protecting Canada\u2019s border, and announced $200 million in new initiatives to address fentanyl trafficking including a \u201cfentanyl czar.\u201d<\/p>\n

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Some of the border measures will be on display on Tuesday.<\/p>\n

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Public Safety Minister David McGuinty and Terry Duguid, minister responsible for Prairies Economic Development Canada, will join Manitoba Premier Wab Kinew later this morning at the Emerson port of entry, where they\u2019ll see how the Canada Border Services Agency detects fentanyl and other toxic materials. They\u2019ll also see a Black Hawk helicopter which the RCMP is now using to patrol the U.S. border in the province.<\/p>\n

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But the tariffs delay is not a long-term comfort for many in Canada\u2019s labour and business communities.<\/p>\n

Unifor, the country\u2019s largest private sector union, insists that Trump\u2019s threat of tariffs remains in effect, threatening Canadian jobs. National President Lana Payne calls for Canada to \u201cuse every single available lever to build a strong, resilient, and diverse economy.\u201d<\/p>\n