Just a day after temporarily delaying broad 25% tariffs on Canadian goods, President Donald Trump is now threatening additional tariffs on Canadian lumber and dairy, saying the U.S. will impose reciprocal tariffs as soon as Friday.
In an Oval Office address, Trump accused Canada of taking advantage of the U.S. with its high tariffs on American dairy products, which can reach 250% on certain imports.
“Canada has been ripping us off for years on lumber and on dairy products,” Trump said. “We may do it as early as today, or we’ll wait until Monday or Tuesday, but we’re going to charge the same thing.”
Canadian Trade Minister Mary Ng strongly rejected Trump’s claims, calling his accusations false and his proposed tariffs unjustified.
“These tariffs, if imposed at that order of magnitude, are completely unjustified,” Ng told reporters, saying she had learned about the threats moments before a press conference.
Trump’s aggressive stance on trade has already strained U.S.-Canada relations, and new tariffs could further escalate tensions. If imposed, these tariffs could impact American consumers and industries that rely on Canadian imports—especially in construction and agriculture.
With Trump’s ever-shifting trade policies, it remains to be seen whether new tariffs will actually take effect, or if another policy change is just around the corner.