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Market Chatter: Trudeau Confirms Premiers Meeting This Week after Trump's Canadian Tariff threat
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Market Chatter: Trudeau Confirms Premiers Meeting This Week after Trump's Canadian Tariff threat
Nov 26, 2024 8:23 AM

10:58 AM EST, 11/26/2024 (MT Newswires) -- Prime Minister Justin Trudeau will be convening a meeting of all of Canada's premiers "this week" to discuss U.S. president-elect Donald Trump's intent to impose a 25% tariff on all products from Canada and Mexico on his first day in office, if border issues aren't addressed, CTV News is reporting Tuesday.

"One of the really important things is that we be all pulling together on this. The Team Canada approach is what works," Trudeau said, reacting to the major trade threat on his way in to Tuesday's closed-door cabinet meeting on Parliament Hill.

The report noted that hours before Trump declared his intent to hit Canada with this sizeable tariff, Canada's premiers had penned a letter to the prime minister asking him to hold an urgent first ministers' meeting before Trump re-takes office.

Noting that he talked to a few premiers last night -- including Ontario Premier Doug Ford and Quebec Premier Francois Legault -- the prime minister said he agreed the group needed to get together to "talk about the United States."

Since the tariff news broke, premiers were among the first to warn of the major impacts such a move would have on sectors across the country, the report said.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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