WASHINGTON — U.S. President Donald Trump will hit Canada with 25 per cent tariffs on Tuesday, with a lower 10 per cent duty for energy, government sources say.
The federal government informed provinces Saturday that tariffs are coming, say the provincial sources, who cannot be named in order to share details that governments have not yet made public.
The premiers are having a first ministers' meeting around 4 p.m. ET.
The White House has not officially released any information about the tariffs, which could upend trade in North America, devastate the Canadian economy and possibly trigger inflation in Canada and the United States.
The federal government has said it has multiple options for retaliatory tariffs ready to deploy.
The Canadian Chamber of Commerce says tariffs will drastically increase the cost of everything for everyone in Canada and the United States.
Kelly Geraldine Malone, The Canadian Press
