February 17, 2025

President Trump announced potential tariffs of approximately 25% on foreign cars, semiconductor chips, and pharmaceuticals. While these tariffs are not exclusively directed at Canada, they could significantly impact Canadian industries. Details regarding the car tariffs are expected to be released on April 2, 2025.

February 3, 2025

Following discussions with Canadian Prime Minister Justin Trudeau, President Trump announced a 30-day suspension of the proposed tariffs. This delay was intended to allow for negotiations addressing U.S. concerns over illegal immigration and drug trafficking.

February 1, 2025

President Donald Trump initiated a series of tariff threats and actions targeting Canada.