At least 1.5 million Americans will see the price hike, according to CanadasCBC.
That money will be used to support businesses negatively affected by American tariffs imposed by Trump.
President Trump has flip-flopped on tariffs against not just Canada but also other countries like Mexico in recent weeks.
Doug Ford, Ontario’s premier, wears a “Canada Is Not For Sale” hat during the First Ministers' Meeting in Ottawa, Ontario, Canada, on Wednesday, Jan. 15, 2025.Photo: David Kawai/Bloomberg via Getty Images
We will not back down, pausing some tariffs, making last minute exemptions, it wont cut it.
We need to end the chaos once and for all.
We need to sit down, work together, and land a fair deal.
Less than 1% of fentanyl coming into the U.S. comes from Canada.
The press conference Monday by Ford and his energy minister Lecce addressed the possible repercussions for the Canadian economy.
American booze has also been taken off the shelves in some provinces, something American alcohol producers have protested.
If the product isnt even available to purchase, they make no money.
I talked to a tremendous amount of Americans, Ford said at the press conference.
They totally disagree with what President Trump is doing.
Stanch Republican Trump supporters totally disagreeing with President Trump on this policy.
So I think we have a strong relationship.
It goes back over 200 years.
I would say, you know, one of his measuring sticks are the markets, Ford said.
The markets have dropped trillions of dollars.
He has to understand.
Hes a smart guy.
He may like them or dislike them, but make no mistake.
He understands the markets.
The Dow Jones Industrial Average is down 480 points for the day at the time of this writing.
BARTIROMO: Are you expecting a recession this year?
TRUMP: I hate to predict things like that.
There is a period of transition.
President Trump has made it clear hes an imperialist threat to liberal democracies around the world.
As it happens, Trump has made no such jokes against authoritarian countries like Russia.
In fact, hes cozied up to Americas former geopolitical adversaries while threatening some of this countrys best friends.
Canada knows it, and theyre going to fight back however they can.
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