On March 7, from the Oval Office, U.S. President Donald Trump announced that he could impose retaliatory tariffs on Canadian goods as early as the same day.
He emphasized that Canada has imposed tariffs of up to 250% on lumber and dairy products, which he claimed harms the U.S. economy. As a result, Trump asserted that the U.S. may impose equivalent retaliatory tariffs.
Specifically, the U.S. President stated:
“We will impose exactly the same tariff unless they remove these unfair duties. This could happen today or by March 10-11 at the latest, but we will certainly take action.”
Earlier, on March 6, Trump signed an order delaying additional tariffs on Mexican and Canadian goods for one more month under the USMCA trade agreement. He explained that this decision was made to support American businesses in job creation.
Beyond Canada and Mexico, Trump also warned of potential tariff expansions against other trade partners if they do not adjust their policies.
“We have been treated unfairly—economically, financially, and in trade—by most countries around the world,” he emphasized.
President Trump also confirmed that significant changes in tariff strategies would be introduced in the near future:
“There will always be adjustments and changes.”