{"id":56904,"date":"2025-03-03T12:49:04","date_gmt":"2025-03-03T12:49:04","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/03\/as-trumps-tariffs-loom-heres-what-canadians-need-to-know\/"},"modified":"2025-03-03T12:49:04","modified_gmt":"2025-03-03T12:49:04","slug":"as-trumps-tariffs-loom-heres-what-canadians-need-to-know","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/03\/as-trumps-tariffs-loom-heres-what-canadians-need-to-know\/","title":{"rendered":"As Trump\u2019s tariffs loom, here\u2019s what Canadians need to know"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">The Financial Post brings you the news as it happens in the countdown to the tariff deadline<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Mar 03, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 2\u00a0hours ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">4 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"0f9532ac-4ff4-47d9-a7df-51822ef0bc03\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">U.S. President Donald Trump has said proposed tariffs on Canada and Mexico will go into effect on March 4. <\/span> <span class=\"credit\">Photo by Andrew Harnik\/Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">United States President Donald Trump\u2019s proposed tariffs are expected to come into effect this week, a move that promises to have a wide-ranging impact on the Canadian economy and its relationship with its southern neighbour.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Under Trump\u2019s plan, all imports from Canada and Mexico will face a 25 per cent tariff, with the exception of a 10 per cent levy on Canadian energy. The move, Trump says, will remain in effect until both countries crack down on the flow of deadly fentanyl into the U.S.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment9457560972068889162089521104289792\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"article-block article-block-bg article-content__sign-in-group hidden\" data-aqa=\"identity-sign-in\" data-async=\"\" id=\"article-block\">\n<section class=\"row\">\n<header class=\"identity-intro col-xs-12 col-md-6 flex-justify-center\">\n<div class=\"col-xs-12 col-sm-10 col-md-10\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg 1600w\" alt=\"Financial Post\" class=\"market-logo\" height=\"37\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"\/><\/p>\n<div class=\"intro-body__premium hidden\">\n<p>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\n<p class=\"identity-intro__description\">Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__register hidden\">\n<p>SUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">We\u2019ll bring you the latest developments as they unfold. <strong>Click here to go straight to our live blog.<\/strong><\/p>\n<p>Some of today\u2019s highlights include:<\/p>\n<p data-async=\"\">Howard Lutnick suggests on CNN that tariffs not yet set in stone, while Ontario Premier Doug Ford tells the Prospectors &amp; Developers Association of Canada convention in Toronto that \u201cWe\u2019re going to win this tariff war.\u201d<\/p>\n<p data-async=\"\">Meanwhile, Canadian exporters go into crisis mode, and the Canadian dollar treads water.<\/p>\n<p data-async=\"\">We also fill you in on which Canadian companies will take the biggest hit from tariffs and how much aid is available for federal and provincial governments to help citizens and businesses.<\/p>\n<p>Here\u2019s a look at what you need to know about Canada\u2019s looming trade war with the U.S.:<\/p>\n<h2>What are the March 4 tariffs?<\/h2>\n<p>Trump plans to impose 25 per cent tariffs on all imports from Canada and Mexico, with the exception of Canadian energy, which will face a 10 per cent tariff.<\/p>\n<p>China, meanwhile, will face an additional 10 per cent tariff on exports to the U.S.<\/p>\n<h2>How would Canada respond?<\/h2>\n<p>Prime Minister Justin Trudeau has vowed an immediate response to any U.S. tariffs.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot28 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-execsummary background--primary-light-gradient\" aria-labelledby=\"FinancialPostPosthaste3311939795719942460152376899665920\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_ExecSummary\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1600w\" alt=\"Posthaste\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.1.3\/websites\/images\/newsletters\/icon-fp-posthaste.svg\"\/><\/div>\n<div>\n<p>Posthaste<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_ExecSummary\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_ExecSummary\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment6096641017418506890328943760506880\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Before Trump decided to delay tariffs by 30 days, Trudeau announced he would slap tariffs on $155 billion worth of U.S. imports, $30 billion of which would be immediate, with the remainder coming after 21 days.<\/p>\n<p data-async=\"\">Products facing tariffs include meat, dairy, wine, tobacco, tires, carpets, clothes and motorcycles, among others. For a full list of products facing tariffs, click here.<\/p>\n<p>Canada\u2019s retaliatory plan was delayed after the U.S. announced the 30-day extension.<\/p>\n<p>Several provinces have announced their own responses, primarily pledging to pull U.S. liquor from store shelves and to review government contracts with U.S. companies.<\/p>\n<h2>What would that do to the economy?<\/h2>\n<p>Economists largely believe widespread tariffs would trigger a recession in Canada.<\/p>\n<p data-async=\"\">In January, the Bank of Canada stated the impacts will largely depend on how quickly Canadians can find non-tariffed alternatives.<\/p>\n<p data-async=\"\">\u201cWhen substitutes do not exist or cannot easily be produced in higher quantities due to capacity constraints, tariffs are more disruptive to the real economy and lead to higher inflation,\u201d says the central bank in the January monetary policy report.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment6850950475800837924195954033950720\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Overall, the bank says U.S. tariffs would lower Canada\u2019s exports, increase inflation, depreciate the loonie, lower business investment and force companies to issue layoffs.<\/p>\n<p data-async=\"\">For Canadian businesses, tariffs threaten to upend their trade relationships, drive costs higher and reduce the demand for Canadian goods, according to a report from Doane Grant Thornton LLP.<\/p>\n<p>\u201cIf Canadian businesses act as the importer of record, they will face higher operational costs, which can squeeze profit margins, reduce cash flow, and limit their ability to reinvest in growth,\u201d the report states. \u201cIf increased costs are passed on to Canadians, it may contribute to inflation.\u201d<\/p>\n<h2>What will happen to the Canadian dollar?<\/h2>\n<p>The loonie is poised for a stretch of weakness if tariffs are introduced.<\/p>\n<p>It hit a three-week low of 69.32 U.S. cents last week as hope for a tariff reprieve dried up.<\/p>\n<p>Before the initial pause, the Canadian dollar fell to 68.48 cents U.S., but quickly rebounded after news of the extension emerged.<\/p>\n<p>Karl Schamotta, chief market strategist at Corpay Inc., previously told The Canadian Press that tariffs could result in the loonie falling two or three per cent and more if indications remain that tariffs could be in place for an extended period.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment7665965845386663817820762819002368\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<h2>How likely is an extension?<\/h2>\n<p>Trump has developed a reputation for unpredictable decision making, but all signs lead to the tariffs happening on March 4.<\/p>\n<p data-async=\"\">On Thursday, Trump posted on Truth Social that \u201cthe proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled.\u201d<\/p>\n<p>Mexican President Claudia Sheinbaum told The Associated Press that she is hopeful her government can still \u201creach an agreement and on March 4 we can announce something else.\u201d<\/p>\n<p>Canada, meanwhile, is taking a \u201cwait and see\u201d approach, according to Industry minister Fran\u00e7ois-Philippe Champagne.<\/p>\n<p>\u201cOne thing we have learned is to take it step by step,\u201d he said.<\/p>\n<h2 id=\"live-blog\">Tariffs live blog<\/h2>\n<p><vf-live-blog class=\"viafoura\" signature=\"eyJ0eXAiOiJKV1QiLCJhbGciOiJSUzUxMiJ9.eyJjYW5vbmljYWxfc2l0ZV91dWlkIjoiMDAwMDAwMDAtMDAwMC00MDAwLTgwMDAtMDZlNjM0ZWE1NTVhIiwiY29udGFpbmVyX2lkIjoiMzc5ODIzMSIsImlhdCI6MTc0MTAxMzQxMX0.UT10BThUnQAbHs86wQg6aWok1lqYTupbC9sQb2mqUJtgAWyy908jN7Zt1ytXWLOTnCeJOcOWW14mLRMBCjSwD_tROHko79adSPSpPYoLqgnf919MkQ7MHjYu-PvvpEcW8j1Vi8OBnqu-xnqmBBeU23_ekQVTsUNQrBFbBuJamaU\" vf-container-id=\"3798231\"\/><\/p>\n<section aria-labelledby=\"moreTopicLabel2825112599753265557237296573448192\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" canadian=\"\" companies=\"\" are=\"\" rushing=\"\" to=\"\" prepare=\"\" for=\"\" trump=\"\" tariffs=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Commercial trucks and passenger vehicles drive across the Ambassador Bridge on the Canada-United States border in Windsor, Ont.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=80&sig=en-AdZh7iRQLFIvcUuSd8A\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=5&sig=XJb_8mP6M9_BHXNiFELt-g&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=96&strip=all&quality=80&sig=en-AdZh7iRQLFIvcUuSd8A, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=192&strip=all&quality=80&sig=qVMWAIjv-mzfG7IkO-TI-g 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0228border.jpg?h=288&strip=all&quality=80&sig=k-bN-xww81THuIB9YCg0QA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">How Canadian companies are rushing to prepare for Trump&#8217;s tariffs<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" questions=\"\" remain=\"\" on=\"\" how=\"\" tariffs=\"\" will=\"\" apply=\"\" to=\"\" energy=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"The U.S. tariff on Canadian energy includes a broad range of products. Trump's executive order refers to crude oil, natural gas, condensate, natural gas liquids, refined petroleum products, uranium, coal, biofuels, geothermal heat, hydroelectricity and critical minerals.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=80&sig=il7QjDjXtN6K2f9lSkE58Q\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=5&sig=1lsJRj9MWnqjvO0ygpXGDw&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=96&strip=all&quality=80&sig=il7QjDjXtN6K2f9lSkE58Q, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=192&strip=all&quality=80&sig=4J-XAvPy7QLcshqWJv3MmQ 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0204-bc-oil.jpg?h=288&strip=all&quality=80&sig=C-P2RUOZ3lM12C6wuV19RA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Key questions remain on how tariffs will apply to energy<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" businesses=\"\" lose=\"\" confidence=\"\" in=\"\" the=\"\" u.s.=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"A looming trade war between Canada and the United States is causing strain between the two countries.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=80&sig=AERPeLWkWAx-1IK3R2VMZg\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=5&sig=e-MdQmTcFFXyXvZ-62dNKw&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=96&strip=all&quality=80&sig=AERPeLWkWAx-1IK3R2VMZg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=192&strip=all&quality=80&sig=D5E95ATDv3WAsXxfRRJCKQ 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0227canada-us.jpg?h=288&strip=all&quality=80&sig=T3FbExSgijNQtp3WMisY5Q 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canadian businesses lose confidence in the U.S.<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p><em>With files from The Canadian Press and The Associated Press<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>As Trump\u2019s tariffs loom, here\u2019s what Canadians need to know<\/a><br \/>\n<br \/>2025-03-03 12:49:04<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News The Financial Post brings you the news as it happens in the countdown to the tariff deadline Published Mar 03, 2025 \u00a0\u2022\u00a0 Last updated 2\u00a0hours ago&#8230;<\/p>\n","protected":false},"author":2,"featured_media":56905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/donald-trump-0302-ph.jpg?quality=90&strip=all&w=288&h=216&sig=r1_3YdliwumcgCJZ9Mvjlg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-56904","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/56904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=56904"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/56904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/56905"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=56904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=56904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=56904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}