Trump announces potential for steep tariffs on Canadian and Mexican imports

Late on November 25, President-Elect Donald Trump announced on his Truth Social platform that he intends to have American importers pay 25 per cent import tariffs on goods from Canada and Mexico on his inauguration day.

Officials from Canada and Mexico strongly oppose the tariffs, warning that such measures could lead to retaliatory actions and a potential trade war. Mexican President Claudia Sheinbaum Pardo and Prime Minister Justin Trudeau have both emphasized the risks to economic stability and job security in their countries.

In response to the threat of tariffs, Trudeau is calling for a united front and plans to hold a First Ministers’ meeting this week.

Alberta Beef Producers (ABP) is closely monitoring the situation and is working in collaboration with the Canadian Cattle Association, and the Government of Alberta.

As one of the largest exporters of beef to the U.S., Alberta plays a crucial role in the North American cattle market.