Your guide to what the 2024 US election means for Washington and the world
Canada’s former finance minister Chrystia Freeland has said Ottawa should retaliate to any US tariffs by adding huge levies on Tesla vehicles to punish Elon Musk, one of Donald Trump’s “billionaire buddies”.
Freeland, who is running to replace Justin Trudeau as prime minister, called for a swift, punitive reaction by Ottawa if the US president follows through on his threat to impose 25 per cent tariffs on Canada and Mexico starting this weekend.
“Canada must threaten to impose a 100 per cent tariff on all Tesla vehicles and a 100 per cent tariff on US wine, beer and spirits if unfair tariffs are imposed on Canadians,” Freeland said on Friday.
The comments from one of Canada’s most important politicians mark a sharp escalation in the trade dispute with Washington, which blew into the open after Trump said he would impose tariffs on the US’s two biggest trading partners from February 1.
The White House on Friday reiterated its plan to impose the tariffs starting on Saturday.
Trudeau also on Friday said Canada was ready to retaliate against the US: “We’re ready with a response — a purposeful, forceful but reasonable, immediate response,” he said, as he warned Canadians, “our nation could be facing difficult times in the coming days and weeks”.
Freeland, who was part of the Canadian team that negotiated the US-Mexico-Canada trade deal signed by Trump during his first presidency, said releasing a targeted list of potential retaliatory tariffs on $200bn worth of American imports would show where “we can hit Trump where it hurts”.
“By targeting products from Republican states that voted for Trump and products made by his billionaire buddies, Canada can exert unavoidable political pressure on the White House,” she said.
Canada previously imposed 100 per cent tariffs on Chinese electric vehicle imports, in a move that followed similar levies on Chinese EVs announced by Joe Biden’s administration.
Freeland’s comments also came as Mélanie Joly, Canada’s foreign minister, held last-gasp talks in Washington to try to avert Trump’s tariffs.
Joly used a Financial Times interview on Friday to warn the US that any disruption to energy flows between Canada and its southern neighbours triggered by a trade war would leave American oil refiners dependent on alternative heat oil supplies from Venezuela.
Joly also vowed Canada would never become a “colony”, in a reference to Trump’s claims that Canadians would like to join the US and his repeated goading of Trudeau, who he has called a “governor” of the “51st state”.
Canada and Mexico have drawn up lists of “tit for tat” tariffs to issue against the US as soon as Trump imposes tariffs.
Mexico’s left-wing president Claudia Sheinbaum said earlier this week that she did not think the 25 per cent tariffs would happen on Saturday, but on Friday said the government was planning for different scenarios.
“We have a plan A, plan B and a plan C, whatever the United States government decides,” she said on Friday morning.
Dan Kelly, president of the Canadian Federation of Independent Business, said a tariff war would be a huge concern for small Canadian businesses as more than half their members import goods from the US.
“Trump’s new best friend is Elon and targeting these type of people close to the president might add pressure but, overall we are urging caution with retaliatory measures,” he said.
Tiff Macklem, governor of the Bank of Canada, on Wednesday said US tariffs would likely put Canada in a recession and also raise consumer prices in the US.
The Canadian dollar and Mexican peso rose against the US dollar on Friday after reports that Trump may push back the implementation of any new tariffs to March.
Additional reporting by Christine Murray in Mexico City
In response to recent trade tensions with the United States, Canadian Minister of Foreign Affairs, Chrystia Freeland, has suggested that Canada should retaliate with tariffs on Elon Musk’s Teslas.
Freeland argues that Canada cannot stand idly by while the US imposes tariffs on Canadian goods, and that targeting Tesla, a prominent American company, would send a strong message to the Trump administration.
While some may argue that such a move could harm Canadian consumers who are interested in purchasing electric vehicles, Freeland believes that it is necessary to stand up for Canadian interests in the face of unfair trade practices.
As tensions continue to rise between the two countries, it remains to be seen whether Canada will follow through with tariffs on Teslas. But one thing is clear: Freeland is not backing down in the face of pressure from the US.
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Canada, Trump, tariffs, Musk, Tesla, Freeland, trade war, response, economic policy, international relations
The tariff standoff between the US and Canada is heating up, and Tesla finds itself squarely in the crosshairs. Chrystia Freeland, Canada’s former finance minister and current Liberal Party leadership contender, has proposed a bold countermeasure: slapping 100% tariffs on select American goods, including Teslas, in direct response to President Trump’s threatened tariffs on Canadian and Mexican imports.
In an interview with The Canadian Press, Freeland made her intentions clear. “We need to be very targeted, very surgical, very precise,” she said. The strategy isn’t just about economic retaliation — it’s personal. Tesla’s inclusion stems from CEO Elon Musk’s financial and operational backing of Trump, which Freeland didn’t shy away from addressing. “We need to look through and say who is supporting Trump and how can we make them pay a price for a tariff attack on Canada.”
Tesla’s electric vehicles sold in Canada are primarily manufactured in the US and China. Imposing tariffs would inevitably hike their prices, potentially steering Canadian EV buyers toward other automakers. This could be a significant blow to Tesla, which dominates Canada’s EV market with its Model Y and Model 3 leading in sales.
Freeland, who resigned from her finance minister post last year partly over disagreements on handling Trump’s economic threats, is now using this issue to define her leadership campaign. “One of the characteristics of the Trump administration is they like to traffic in uncertainty,” she remarked. “There are lots of reports about there being internal debates in the US (administration), so let’s use that to our advantage. And let’s put some cards on the table and be very clear that if they hit us, we will hit them back.”
The stakes are high. Canada’s EV adoption rate is outpacing that of the US, with nearly 17% of new cars sold in the third quarter of 2024 being fully electric, compared to just 8% in the US. Quebec’s aggressive EV incentives have fueled this growth, making Tesla’s dominance even more pronounced — and vulnerable.
As Trump’s policies ripple across borders, Canada’s response is no longer confined to diplomatic channels. It’s taking direct aim at the businesses tied to his political machinery, and Tesla is at the forefront of that retaliation.
In a bold move, Canada has decided to target Tesla, the electric car company owned by Elon Musk, in the ongoing tariff war with the United States. This decision comes as retaliation against the Trump administration’s recent tariffs on Canadian steel and aluminum.
Elon Musk, often referred to as President Trump’s ‘first friend’ in the business world, has been a vocal supporter of the current administration’s policies. However, this alliance seems to have backfired as Canada aims to make Tesla pay for the trade tensions created by the US government.
The Canadian government has announced plans to impose a 25% tariff on all Tesla vehicles imported into the country, a move that is sure to hit Musk’s company hard. This decision is seen as a way to send a strong message to both Tesla and the Trump administration that Canada will not back down in the face of unfair trade practices.
As the tariff war between the US and Canada continues to escalate, it remains to be seen how this will impact Tesla’s bottom line and Musk’s relationship with the Trump administration. Stay tuned for updates on this developing story. #MakeThemPay #TariffWar #CanadaVsTesla
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Justin Trudeau says Canada will bring a “forceful but reasonable” retaliation to any tariffs imposed by the US as his country braces for the economic fallout of a trade war.
“I won’t sugarcoat it – our nation could be facing difficult times in the coming days and weeks,” Trudeau said on Friday while speaking to an advisory council on Canada-US relations. “I know Canadians might be anxious and worried, but I want them to know the federal government – and indeed, all orders of government – have their backs.”
The White House claimed later on Friday that goods shipped from Canada and Mexico to the US would face a 25% levy starting this weekend.
Donald Trump has said he plans to impose tariffs for three reasons. “Number one is the people that have poured into our country so horribly and so much,” he said on Thursday. “Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.”
Officials in Ottawa and Mexico City have drawn up plans to retaliate against Washington with tariffs of their own, raising the prospect of a damaging trade war. Businesses inside the US and across the world have warned of widespread disruption if the Trump administration pushes ahead.
After his election victory last November, Trump announced on his social network that upon his return to office he would “sign all necessary documents” to impose a 25% tariff on Mexico and Canada. Mexico must stop “illegal aliens” from crossing its border with the US, he said, and Canada must halt the flow of drugs like fentanyl. “Until such time that they do, it is time for them to pay a very big price!”
Trump did not, in fact, sign these documents following his inauguration. Instead, he introduced a deadline – 1 February – by which both countries are supposed to resolve his concerns.
Claudia Sheinbaum, the Mexican president, has already taken Trump through the various migration initiatives her government has undertaken. Experts have raised questions over Trump’s demand from Canada, with so little fentanyl entering the US through its northern border that the US Drug Enforcement Administration (DEA) omitted to even mention Canada in a 2020 report. The Mexican government has sent signals it is prepared to do more on migration and fentanyl trafficking – even notching up a record seizure soon after Trump’s threats began – but it has also sought to play down the prospects of a trade war.
Canada sends 75% of all its goods and services exports to the United States, its largest trading partner and closest ally. Trudeau said the trade spat and diplomatic tangle “is not what we want”, but that if Trump followed through on his threats, “we will also act”.
A first round of retaliatory tariffs would cause minimal damage to the US, covering C$37bn of its exports to Canada, but if needed, Canada’s federal government plans to escalate by imposing tariffs on C$110bn worth of goods.
Canada’s dollar has plunged against its US counterpart and experts warned Canada’s economy could fall into a recession.
“We don’t have a lot of good historical examples where we’ve had tariff shocks of this magnitude,” Tiff Macklem, the Bank of Canada governor, told reporters earlier this week. “Exactly how quickly, how big, how people react, what the implications are for inflation – there is a certain zone of uncertainty.”
Trump’s vague demands to “secure the border” have unsettled and confused Canadian negotiators shuttling between Ottawa and Washington with increased frequency and desperation.
“The reality is that a large, uncontrolled bully is using his position as the most powerful political leader in the world, to put pressure on a whole range of allies,” said Lawrence Herman, an international trade lawyer and senior fellow at the CD Howe Institute. “We have to, in Canada and the rest of the world, recognize that we’ve entered a new era.
“With the Trump administration, there are no rules. There is no respect for international treaties or agreements. There is no longer value to the US signature on international documents.”
Mark Carney, the frontrunner to replace Trudeau, said on Friday he was “foursquare” behind all lobbying efforts by Canadian ministers in Washington.
The former governor of the Bank of Canada and Bank of England said Canada would “never back down to a bully” and that the “fever” gripping the US would eventually break.
But others remain skeptical that a full resolution is possible.
Herman, who advises governments and companies on trade issues, worries that tension between the two nations has “shattered” a shared history.
“Repairing the longstanding relationship will be very, very difficult. It will depend on goodwill on the US side and Trump has dissipated most of that goodwill,” he said. “I don’t see it returning to where it was under the previous era. It’ll be a strained and difficult and contentious relationship going forward, and Canadians have to be prepared for that.”
In Mexico, President Sheinbaum said on Wednesday: “We don’t think [the tariffs] will happen. And if they do, we have our plan.
“People are worried here, and there is a sense of uncertainty – which is what Donald Trump seeks to create,” said Kenneth Smith Ramos, Mexico’s former chief negotiator during talks over the USMCA free trade deal, struck between the US, Mexico and Canada during the first Trump administration.
“It’s a bit like a game of chicken: the two cars are hurtling towards each other at top speed,” he said. “Mexico has to send the signal that its car is not a little one but a big one that could also hurt the United States.”
Additional reporting by Thomas Graham in Mexico City
Have a question about tariffs? We’re here to help. Email callum.jones@theguardian.com and we’ll aim to answer in a future story
In response to the recent tariffs imposed by the Trump administration, Canadian Prime Minister Justin Trudeau has vowed to bring a “forceful but reasonable” retaliation. The tariffs, which target Canadian steel and aluminum exports, have been met with strong opposition from Canada.
Trudeau stated that Canada does not want to escalate the situation, but will not back down when it comes to defending its interests. He emphasized the importance of standing up for Canadian workers and businesses who will be affected by the tariffs.
The Prime Minister also noted that Canada is exploring all options, including filing a complaint with the World Trade Organization and imposing retaliatory tariffs on U.S. goods. Trudeau made it clear that Canada will not be pushed around and will respond in a manner that is firm but fair.
The escalating trade tensions between Canada and the U.S. have raised concerns about the future of the North American Free Trade Agreement (NAFTA). Trudeau has reiterated his commitment to renegotiating the agreement, but has made it clear that Canada will not be bullied into accepting unfair terms.
Overall, Trudeau’s message is clear: Canada will not sit idly by while its economy is threatened by unjust tariffs. The country is prepared to take strong action to defend its interests and protect its citizens.
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Canada, Trump tariffs, Trudeau, retaliation, trade dispute, NAFTA, trade relations, economic impact, North America, international trade, political response.
Watch: Justin Trudeau says Canada’s response to US tariffs will be ‘forceful’ and ‘immediate’
Canada will react forcefully and immediately if Donald Trump imposes tariffs, Prime Minister Justin Trudeau said on Friday.
The US president has said he could levy a 25% tariff on Canadian imports as soon as Saturday.
“It’s not what we want, but if he moves forward, we will also act,” Trudeau said.
Tariffs are a central part of Trump’s economic vision. He sees them as a way of growing the US economy, protecting jobs and raising tax revenue.
Economists suggest that such a move could have devastating immediate impacts on Canada’s economy – while also leading to higher prices for Americans.
“I won’t sugarcoat it – our nation could be facing difficult times in the coming days and weeks,” Trudeau said in his televised address to Canadians.
Canada is trying to avoid a trade war altogether. It has pledged more than C$1bn ($690m; £560m) to boost security at its shared border with the US – a key point of contention for Trump, who appears to be using tariffs as a negotiating tactic.
Trudeau said all options were still on the table – here are four of them, and their possible impacts.
1. Targeted tariffs on select US goods
Canada has already fought one tariff “war” with Trump.
During his first term, the US president slapped 10% tariffs on Canadian aluminium products and 25% tariffs on Canadian steel, citing national security concerns.
Ottawa retaliated by imposing tariffs on select goods, which were chosen to send a political message to Trump and his allies.
It put levies on Florida orange juice, and whiskey and bourbon from Tennessee and Kentucky – the latter being the home of then-Republican Senate Leader Mitch McConnell.
Both countries ended up agreeing to lift the tariffs a year later.
Senior Canadian officials recently told local media that if Trump imposed tariffs again, the immediate response would likely be targeted.
According to US government data, 17% of US exports go to Canada. More than 75% of Canada’s exports go to the US.
Canada stands to suffer a larger economic blow in any trade war with the US and this stark imbalance is why targeted tariffs are often the first and safest approach, said Peter Clark, a lawyer who previously worked on trade policy issues in Canada’s federal finance department.
By targeting select goods, Canada can hit the US without widely punishing its own citizens, as tariffs can immediately raise prices for consumers at home.
This approach is also why officials are pushing a “Buy Canadian” campaign as a way to lessen the impact of a potential retaliation.
But pundits argue that Trump is less politically vulnerable this time, given that he cannot run for a third term in the White House.
“You won’t have the same impact as last time,” said Julian Karaguesian, an economics lecturer at McGill University in Montreal and a former finance counsellor at the Canadian embassy in Washington DC.
2. Dollar-for-dollar tariffs
Another move Canada made in its first tariff war with its neighbour was to apply dollar-for-dollar tariffs.
It slapped identical tariffs on US aluminium and steel, and ensured the total dollar value of the American goods it taxed equalled the US tariffs on Canadian exports. That came up to around C$16.6bn at the time.
This time, the possible use of dollar-for-dollar tariffs could be much larger, with Canada reportedly preparing a first round on about $37bn of goods, according to official sources quoted in Canadian media.
That could be expanded to another C$110bn worth of goods.
The challenge is that Canada still does not know just how sweeping Trump’s tariffs would be. The more sweeping they are, the more goods Canada would have to tax in response.
Not all of Canada is on board with dollar-for-dollar tariffs. Scott Moe, leader of the mineral-rich province of Saskatchewan, has said that broad levies on US goods would “rip this country apart”.
Mr Karaguesian said the promised US tariffs on Canadian goods could plunge the country into a recession. If Canada responded with dollar-for-dollar tariffs, it could lead to inflation.
This would result in “stagflation,” he said, referring to a combination of high unemployment and rising prices.
Mr Clark said that whatever decision Canada took, politics would likely be top of mind. Polls suggest a majority of Canadians support retaliation, and that many Canadian business leaders want targeted, dollar-for-dollar tariffs.
Canadian politicians might be pushed to respond more forcefully if it means a boost in approval, Mr Clark said. “We’re talking about political decisions, which are not always rational.”
Watch: What Canadians think of Trump suggesting it become the 51st US state
3. The energy ‘nuclear’ option
One of the most valuable assets in Canada’s arsenal is energy.
North-eastern US states like Vermont, New York and Maine significantly rely on electricity sold to them by neighbouring Canadian provinces. British Columbia and Manitoba also supply energy to western and Midwestern regions of the US.
About 30 states receive some of their electricity from Canada, according to Canadian government data.
Canada is also the top supplier of crude oil to the US, making up 60% of total oil imports, according to the US Energy Information Administration.
Doug Ford, Ontario’s premier, has suggested that Canada cut off Americans’ supply to pinch Americans at the petrol pump.
Trump suggested on Thursday that oil and gas could be exempt from US tariffs but Canada still has the option of energy restrictions or taxes to inflict pain.
“The only thing that would really sting in the immediate to short-term is if energy prices went up, because Trump himself campaigned on bringing energy prices down very quickly,” said Mr Karaguesian.
But the move would be contentious, especially with the oil-rich province of Alberta – which has refused to sign off on taxing its oil and gas exports, arguing that doing so would disproportionately hurt its economy.
4. Pulling US booze – or not retaliating at all
Other ideas have been floated.
Ford said that Ontario could pull American-made alcohol off shop shelves in the province, signalling a different approach in which different provincial premiers could define their own responses.
Another option is not retaliating – at least for now. For weeks, Canadian officials have been meeting their American counterparts in Washington DC in a bid to stave off any American tariffs in the first place.
On Wednesday, foreign minister Melanie Joly met Secretary of State Marco Rubio to deliver a message that tariffs would be bad for both countries, and that Ottawa was addressing US concerns about border security and fentanyl trafficking.
“We need to continue to engage,” she told reporters.
Canada has also signalled that it could bring in a relief programme for businesses harmed by the possible tariffs, similar to those introduced during the Covid pandemic.
Some argue, given the economic costs of retaliation, that Canada should instead focus on diversifying its trade relationships and increasing domestic production.
“We’re a natural resource superpower,” Mr Karaguesia said, adding that the country could use the tariffs as a push to harness that potential and sell its products elsewhere.
In light of the recent tariffs imposed by the Trump administration on Canadian goods, it is crucial for Canada to develop a strategic plan to combat these unfair trade practices. Here are some ways Canada could fight back against Trump tariffs:
1. Strengthen Diplomatic Relations: Canada should continue to engage in diplomatic efforts to seek a resolution to the trade dispute. This could involve high-level meetings with U.S. officials, as well as seeking support from other countries that are also affected by the tariffs.
2. Imposition of Counter-Tariffs: Canada could consider imposing retaliatory tariffs on U.S. goods in response to Trump’s tariffs on Canadian products. This could help level the playing field and put pressure on the U.S. to reconsider their trade policies.
3. Diversification of Trade Partners: Canada should explore opportunities to diversify its trade partners and reduce its reliance on the U.S. market. This could involve negotiating new trade agreements with other countries, as well as expanding trade with existing partners in Europe and Asia.
4. Support for Affected Industries: The Canadian government could provide financial support and assistance to industries that are heavily impacted by the tariffs. This could include subsidies, loans, or other forms of assistance to help businesses weather the storm.
5. Public Awareness Campaign: Canada could launch a public awareness campaign to educate Canadians about the impact of Trump’s tariffs and rally support for efforts to combat them. This could involve media outreach, social media campaigns, and other forms of communication to raise awareness about the issue.
By taking a proactive and strategic approach to fighting Trump’s tariffs, Canada can protect its economy and ensure a fair and equitable trade relationship with the United States.
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Canada, Trump tariffs, trade dispute, economic strategy, international relations, trade negotiations, Canadian economy, import tariffs, export policies, North American trade, global trade relations.
Canada ready with ‘forceful, immediate’ response if US imposes tariffs, says Trudeau
Canada will respond immediately with a series of forceful countermeasures if Donald Trump goes ahead with a threat to impose tariffs, Canada’s prime minister Justin Trudeau said.
On Thursday, Trump repeated his threat to impose tariffs on imports from Canada and Mexico that would begin at 25% and “may or may not rise with time”.
Trudeau, in remarks to a meeting of an advisory council on Canada-US relations, said:
If the president does choose to implement any tariffs against Canada, we’re ready with a response – a purposeful, forceful but reasonable, immediate response.
“It’s not what we want, but if he moved forward, we will also act,” Trudeau added.
Key events
Senate confirms Doug Burgum as interior secretary
The Senate confirmed the former North Dakota governor Doug Burgumas interior secretary late on Thursday.
The vote was 79-18, with the majority of Senate Democrats joining every Republican in voting for Burgum.
Burgum, a billionaire former businessman, was governor of North Dakota, the third largest oil and natural gas producer in the country, between 2016 and 2024.
As interior secretary, he will manage US federal lands including national parks and wildlife refuges, as well as oversee relations with 574 federally recognized Native American tribes.
Doug Burgum in Philadelphia, Pennsylvania, in September 2024. Photograph: Evelyn Hockstein/Reuters
Anna Betts
Donald Trump has claimed that the military helicopter involved in the midair collision in Washington DC on Wednesday was flying too high at the time of the accident.
The Blackhawk helicopter was flying too high, by a lot. It was far above the 200 foot limit. That’s not really too complicated to understand, is it???
It is unusual for a president to weigh in like this, especially on social media, and suggest the cause of a collision, when officials have not yet revealed its cause and it remains under investigation by federal transportation authorities.
Authorities conduct search efforts around the wreckage site of in the Potomac River. Photograph: Alex Brandon/AP
All 64 people on the passenger plane, along with the three people in the army helicopter, died on Wednesday night after the two aircraft crashed into each other in midair close to the Reagan National airport.
The bodies of more than 40 people had been recovered from the icy Potomac River by Friday morning, where the wreckage now lies.
Venezuelan president Nicolás Maduro to meet with US envoy
Venezuela’s president Nicolás Maduro will meet with Richard Grenell, Donald Trump’s envoy for special missions, the country’s communications ministry has confirmed.
As we reported earlier, Grenell is expected to discuss deportation flights among other things during his trip to Venezuela.
Maduro delivers a speech in Caracas, Venezuela, 28 August 2024. Photograph: Fausto Torrealba/Reuters
Lauren Aratani
What is a tariff?
A tariff is a tax on imports, or foreign goods brought into the United States.
Who pays for tariffs?
This is a question that many Americans asked after the election. Trump has said foreign countries pay for tariffs, but tariffs are actually paid by American companies that import goods from abroad.
So if an American car manufacturer is importing a part from Mexico, it will have to pay a tariff on the part once it arrives in the country.
Why is Trump threatening to levy tariffs?
The US imports more goods than its exports – the trade deficit. Not all economists agree that trade deficits are bad but Trump has railed against them for years and tariffs are his preferred tool to deal with them.
Tariffs became a big deal in 2018 during Trump’s first term when he levied tariffs on some products from China and on metal imports. He also threatened to put tariffs on imports from Mexico, in retaliation for the large number of migrants who were crossing the border at the time. Trump eventually backed down from the tariffs in 2020.
In other words, this is all a bit deja vu.
The way that tariffs work, in Trump’s mind, is that high tariffs will incentivize American companies to move their manufacturing from abroad to American shores.
“All you have to do is build your plant in the United States, and you don’t have tariffs,” Trump said just a few weeks before the election.
But getting out of the complex global manufacturing ecosystems is nearly impossible for many companies. It takes years to get a factory up and running, so even if a company theoretically wanted to bolster its domestic manufacturing to avoid tariffs, Trump’s term would likely be over by the time it was ready.
Have a question about tariffs? We’re here to help. Email callum.jones@theguardian.com and we’ll answer in a future story.
Peter Navarro, Donald Trump’s senior trade and manufacturing adviser, said he did not know whether the president will impose tariffs on Canada and Mexico.
“I have no breaking news for you on that,” Navarro told CNBC on Friday. “I can’t tell you when; I can talk a little about why.”
He said “one of the big reasons we think about tariffs, and that’s the fentanyl,” adding: “The boss wants to do something about that.”
JB Pritzker, the Democratic governor of Illinois, has been blocking people who took part in the January 6 attack on the Capitol from working in state jobs, NBC reports.
In a written directive to the state’s primary hiring authority, the department of central management services, obtained by the outlet, Pritzker wrote:
These rioters attacked law enforcement officers protecting people in the Capitol, disrupted the peaceful transfer of power, and undermined bedrock principles of American democracy. Our State workforce must reflect the values of Illinois and demonstrate honesty, integrity, and loyalty to serving the taxpayers. No one who attempts to overthrow a government should serve in government.
Illinois governor JB Pritzker attends a briefing on security for the Democratic National Convention at the United States Secret Service field office in Chicago, Illinois. 25 July 2024 Photograph: Joel Angel Juarez/ZUMA Press Wire/REX/Shutterstock
Ramon Antonio Vargas
One of the US Capitol attackers pardoned by Donald Trump at the start of his second presidency has been handed a 10-year prison sentence for killing a woman in a drunk-driving crash, according to authorities.
Emily Hernandez served 30 days in federal prison after she joined the mob of Trump supporters who stormed the US Capitol on 6 January 2021 and was photographed holding the broken nameplate of Nancy Pelosi, the House speaker at the time.
She was among 1,500 people with roles in the Capitol uprising who received unconditional pardons from – or had their sentences commuted by – Trump on 20 January, but that clemency did not solve all of her legal problems.
Hernandez, 24, on Wednesday was sentenced to a decade in prison for getting into a car wreck while driving drunk on an interstate in Franklin county, Missouri, in 2022 and killing Victoria Wilson, court records first reviewed by NBC News show. Hernandez also injured Wilson’s husband, Ryan Wilson, with whom she had two sons.
Justin Trudeau, Canada’s prime minister, said his government has responded to what Donald Trump is “focused on and what is motiviating him to consider applying tariffs as early as tomorrow”.
“Our border is safe and secure,” Trudeau said at a meeting on Canada-US relations on Friday.
Right now, we’re showing the new American administration that they have a strong partner in Canada when it comes to upholding border security, all while simultaneously underscoring that we won’t back down, that if tariffs are implemented against Canada, we will respond. We won’t relent until tariffs are removed and, of course, everything is on the table.
“I won’t sugar coat it,” he added, warning that Canadians “could be facing difficult times in the coming days and weeks”.
Canada’s prime minister Justin Trudeau speaks about US-Canada relations as US President Donald Trump has promised to level new tariffs on Canada. Photograph: Cole Burston/Reuters
Canada ready with ‘forceful, immediate’ response if US imposes tariffs, says Trudeau
Canada will respond immediately with a series of forceful countermeasures if Donald Trump goes ahead with a threat to impose tariffs, Canada’s prime minister Justin Trudeau said.
On Thursday, Trump repeated his threat to impose tariffs on imports from Canada and Mexico that would begin at 25% and “may or may not rise with time”.
Trudeau, in remarks to a meeting of an advisory council on Canada-US relations, said:
If the president does choose to implement any tariffs against Canada, we’re ready with a response – a purposeful, forceful but reasonable, immediate response.
“It’s not what we want, but if he moved forward, we will also act,” Trudeau added.
Jaime Harrison, the outgoing chair of the Democratic National Committee (DNC), has said the party should have stuck with Joe Biden in the 2024 presidential election.
Harrison, in an interview with Associated Press as his leadership comes to a close, said that Kamala Harris’s shortened campaign timeline may have damaged her electoral chances.
“Had she had more runway, it would have been probably easier for her and for the campaign. We were building a race for Joe Biden,” he said.
Asked whether he believed that Democrats should have stuck with Biden, Harrison said:
That’s my normal default, is that you stick by your people … My nature is, ‘I’m on the team with you, you’re my quarterback. You got sacked a few times. But you know what? I’m going to block the hell out of the next person that’s coming at you.’ And that is not always the mentality of everybody in my party.
Jaime Harrison in 2020. Photograph: Jeff Blake/AP
The DNC is expected to elect a new chair on Saturday.
Richard Grenell, Donald Trump’s envoy for special missions, is expected to meet with Venezuela’s president, Nicolás Maduro, on Friday, CNN reports.
Grenell is expected to discuss deportation flights among other things during his trip to Venezuela, the outlet reports.
Grenell held secret talks in 2020 with one of Maduro’s closest allies, Jorge Rodríguez, who swore Maduro in for his third term in office earlier this month.
Trump’s appointment of Grenell has left some wondering if an agreement may be reached with Maduro involving the deportation of Venezuelan migrants from the US and access to Venezuela’s massive oil reserves for US companies in exchange for Washington accepting Maduro’s power grab.
Colombian president urges undocumented Colombians in the US to return ‘as soon as possible’
Colombia’s president Gustavo Petro has urged undocumented Colombians in the US to quit their jobs “immediately” and return to Colombia as soon as possible.
“Wealth is only produced by the working people,” Petro said on X. “Let’s build social wealth in Colombia.”
He added that the department of social prosperity would offer credits to returnees who enroll in its programs.
Michael Sainato
Donald Trump has been accused of launching an “attack on the rule of law” as three former heads of the top US labor watchdog criticized the unprecedented firing of a top official.
The abrupt removal of Gwynne Wilcox from the National Labor Relations Board (NLRB) leaves the agency “out of business” unless a replacement is nominated, they warned – and highlights a “real danger” to the independence of regulators and adjudicators now Trump is back in the White House.
In interviews with The Guardian, previous chairs of the NLRB described the dismissal of Wilcox as a “usurpation” of power that “reeks of discriminatory motive”.
Donald Trump’s firing of NLRB general counsel Jennifer Abruzzo, left, and chairwoman Gwynne Wilcox has effectively paralyzed the agency. Composite: AP, NLRB
The White House blamed decisions taken by Wilcox and Jennifer Abruzzo, the NLRB’s general counsel, as it fired the pair earlier this week.
The move leaves the agency’s board with only two members, short of the quorum of three required to issue significant decisions on US labor disputes. Wilcox, the first Black woman to serve on the board, has pledged to pursue “all legal avenues” to challenge her firing.
Canada ready with ‘forceful, immediate’ response if Trump imposes tariffs
As tensions continue to escalate between the United States and Canada over trade issues, Canadian officials have made it clear that they are prepared to respond with a “forceful, immediate” reaction if President Trump decides to impose tariffs on Canadian goods.
In a statement released earlier today, Canadian Prime Minister Justin Trudeau warned that any new tariffs imposed by the US would be met with swift retaliation from Canada. “We will not hesitate to take strong action to defend our interests and our economy,” Trudeau said.
The threat of new tariffs comes as the US and Canada are locked in a bitter dispute over the renegotiation of the North American Free Trade Agreement (NAFTA). President Trump has repeatedly criticized Canada for what he sees as unfair trade practices, particularly in the dairy and lumber industries.
Despite ongoing negotiations, tensions between the two countries have continued to rise in recent weeks, with Trump threatening to impose tariffs on Canadian steel and aluminum imports. Canada has responded by announcing its own retaliatory measures, including tariffs on US goods such as steel, aluminum, and agricultural products.
The escalating trade war between the US and Canada has sparked concerns among economists and business leaders, who fear that a prolonged conflict could harm both countries’ economies. Many are calling for a swift resolution to the dispute before it spirals out of control.
As the situation continues to unfold, all eyes will be on President Trump and Prime Minister Trudeau to see how they handle the growing trade tensions between their two countries. Stay tuned for further updates on this developing story.
Companies in the United States do not appear to be making a concerted effort to rush in shipments from Mexico and Canada ahead of the high tariffs that President Trump has threatened to impose on Saturday.
Mr. Trump said after taking office that the United States would apply tariffs of 25 percent on imports from Canada and Mexico, contending that they were allowing “mass numbers of people to come in and fentanyl to come in.”
The tariffs would raise the cost of imports significantly, especially since tariffs are not applied to most goods under the U.S.-Mexico-Canada Agreement, the trade deal that Mr. Trump signed in 2020. Canada and Mexico together account for 30 percent of U.S. trade. Many industries could be saddled with extra costs, including the vast auto operations that straddle the U.S. borders with Mexico and Canada.
Mr. Trump could withdraw his threat or reduce the tariff if he decides Canada and Mexico are doing more to address his complaints, Howard Lutnick, the president’s nominee to lead the Commerce Department, suggested on Wednesday.
With the tariff deadline near, some data shows higher freight volumes on road and rail, but the increases are not especially large, and transportation experts say rail and trucking companies have the capacity to cope. The situation, they said, is quite different from 2021 and 2022, when a deluge of imports overwhelmed supply chains, causing shipping costs to skyrocket and helping fuel a rapid acceleration of inflation.
“The industry’s probably never been in a better spot to deal with significant changes in the marketplace,” said Scott Shannon, vice president of North America cross-border at C.H. Robinson, a freight forwarder.
Larry Gross, president of Gross Transportation Consulting, said the transportation of shipping containers by rail was up 10 percent in the first four weeks of the year across North America compared with the same period in 2024. But while efforts to bring in goods before tariffs very likely contributed to the increase, he said, other factors also played a role. A big one was a desire to get shipments in before a possible strike at the East and Gulf Coast ports that could have started in mid-January but was averted.
“Every system has its limitations,” Mr. Gross said, “But the network is far better positioned today than it was at the beginning of the post-pandemic surge.” He said regulatory data that show how many trains are not running because they lack crews or locomotives were not showing any warning signs.
And Jason Miller, a professor of supply chain management at Michigan State University, noted that storing inventory has significant costs — financing and paying for warehouse space — that may deter companies from accelerating their imports.
The U.S. also imports huge amounts of goods from China. Mr. Trump said he was going to impose 10 percent tariffs on Chinese goods on Saturday.
Imports from China arrive primarily through the ports. And while the volume of containers coming through U.S. ports has been strong in recent months, the ports — and trucks and railways that move cargo inland — have not had problems handling recent volumes.
Some businesses are concerned that applying tariffs to goods that currently lack them may slow customs processing at the Mexican and Canadian borders and cause delays. But Adam Lewis, a co-founder and the president of Clearit, an online customs broker, said he did not expect applying new tariffs to be difficult for the brokers.
While updating the brokers’ software may take a short while, he said, any new tasks relating to tariffs could be done manually without much trouble. “It’s pretty much business as usual,” Mr. Lewis said.
But there may be delays if U.S. Customs and Border Protection increases its scrutiny to ensure that businesses are complying. The agency did not comment.
With the possibility of tariffs being imposed on goods imported from Canada and Mexico, many businesses are taking a cautious approach and not rushing to bring in shipments from these countries.
The uncertainty surrounding trade relations with our neighbors to the north and south has left many companies in a state of limbo, unsure of what the future holds. As a result, some businesses are holding off on ordering goods from Canada and Mexico until there is more clarity on the situation.
While tariffs could potentially drive up costs for businesses and consumers, some are willing to wait and see how the situation plays out before making any decisions. This cautious approach is a reflection of the unpredictable nature of trade policy in today’s global economy.
In the meantime, businesses are closely monitoring the situation and staying informed on any developments that could impact their operations. By staying informed and prepared, companies can better navigate the uncertain waters of international trade.
Ticketmaster is set to pay $6 million in a Canadian class action lawsuit regarding ‘drip pricing’ practices.
Ticketmaster has settled a class action lawsuit in Canada regarding its “drip pricing” practices, for which it must pay out $6 million CAD. The settlement will be split between those signed on to the class action and was finalized last week in a Saskatchewan court.
The lawsuit sparked from claims that Ticketmaster hid the prices of ticket fees in 2018, breaching the Consumer Protection and Business Practices Act. Allegations included that unnecessary fees outside the regular ticket price were added deceptively at check-out. Ticketmaster, while refusing to admit to any wrongdoing, agreed to settle.
According to the settlement, affected customers are eligible to receive up to $45 in Ticketmaster credit, which can be used toward future ticket purchases. Eligible customers — those who purchased tickets in Canada between January 1, 2018 and June 30, 2018 — should soon see an email communication from the company with a link to receive their credit.
Estimates indicate up to 100,000 individuals in Saskatchewan and potentially over a million across Canada could qualify for credits. Eligible customers will receive their credits through electronic gift cards. These are transferrable, but cannot exceed $45.
“While this case does not involve a mega-settlement, it has proved to be a legitimate consumer protection lawsuit which could only have been viably prosecuted as a class action,” wrote Justice Graeme Mitchell, of Regina, Saskatchewan’s Court of King’s Bench. “Class counsel deserve an economic incentive for pursuing this claim to its successful resolution.”
Attorneys will receive $1.7 million, or more than a quarter, of the settlement fund. Lead plaintiff Crystal Watch will receive $25,000.
Once the distribution process is completed, any remaining funds from the settlement will be rerouted to organizations chosen by Ticketmaster and the plaintiff, pending final approval from the courts.
This is far from the first time Ticketmaster has faced scrutiny over misleading pricing in Canada alone. In 2019, the Competition Bureau of Canada imposed a $4 million fine on the company over similar accusations, determining advertised prices were misleading due to mandatory fees added late in the transaction. “Canadians should be able to trust the prices advertised are the ones they will pay when purchasing tickets online,” said Commissioner Matthew Boswell.
Ticketmaster, the popular ticketing company, has recently settled a class-action lawsuit in Canada. The lawsuit, which was filed on behalf of consumers who purchased tickets through Ticketmaster, alleged that the company was charging excessive fees and deceiving customers with its pricing practices.
The settlement, which is still pending court approval, will see Ticketmaster pay out $4.5 million to Canadian consumers who purchased tickets between 2007 and 2018. In addition to the monetary settlement, Ticketmaster has also agreed to make changes to its pricing practices in Canada, including providing more transparency around fees and charges.
This settlement serves as a victory for consumers who have long been frustrated by Ticketmaster’s pricing practices. It also highlights the importance of holding companies accountable for their actions and ensuring that consumers are treated fairly.
Overall, this settlement is a positive step towards improving transparency and fairness in the ticketing industry in Canada. Ticketmaster’s willingness to settle and make changes to its practices is a promising sign for consumers moving forward.
U.S. Coast Guard Boat Transits A Canadian Lock in the Great Lakes
U.S. Coast Guard
For the U.S. and Canada, a looming Canada tariff fight threatens the Great Lakes, posing the biggest threat to Great Lakes trade since the War of 1812.
In America, President Donald Trump has repeatedly threatened to impose a stiff 25% tariff on Canadian imports. Time is short. As America’s February 1 deadline looms, resolution seems unlikely. If this bitter trade war gets underway and escalates, the integrated flow of Great Lakes maritime trade—a critical economic engine for both countries–is at real risk of a breakdown unseen since Great Britain and America fought for control of Lake Ontario and Lake Erie.
For both allies, an ugly, no-holds-barred trade dispute is uncharted territory. If, as both sides have warned, “everything is on the table,” the prospect of wider economic contagion—even a virtual shut-down of Canada-U.S. collaboration on the Great Lakes—is within the realm of the possible.
The conditions for an uncontrolled escalation cascade are in place.
If President Donald Trump imposes a 25% tariff on Canadian imports, an irked Canada seems set to respond in kind, potentially tariffing Canadian exports of oil and other critical goods to the United States. Complicating matters, President Trump is in something of a box, unable to back down without some sort of escape hatch, and he seems unlikely to de-escalate if confronted.
A tough response from Canada will be painful for the American public. If swing voters in the Republican Party’s midwestern strongholds are suddenly confronted with massive gas price hikes, energy disruption and other trade-tariff-driven perturbances, the Trump Administration will be tempted to lash out. A brief—and quickly resolved–spat with Colombia over alien repatriation almost immediately led to a punishing tariff, visa processing disruptions, and threatened the imposition of crippling sanctions.
Further escalation with Canada, if it comes, will be hard to contain to tariffs. Spillover of trade-tariff contagion into other areas of the once-solid U.S.-Canada relationship carries enormous risks as the tightly integrated collaborative functions that tie the two countries together start fraying.
Take the Great Lakes. The Great Lakes Marine Transportation System is a sprawling economic engine that powers both countries. The shared, 2,300-mile deep-draft inland navigation system is the longest in the world. The combined economic yield from Great Lakes maritime cargo operations, as ships wind through the massive maritime border zone, is massive.
According to a 2023 study by the Great Lakes Saint Lawrence Seaway Corporation, the Great Lakes St. Lawrence Seaway network supports 241,286 jobs and $36 billion in economic activity annually.
Uninterrupted trade through the Great Lakes has gone on for so long and with so little fuss, “America First” border theorists risk taking the benefits of this massive shared maritime highway for granted. It is worth cautioning the economic shock-and-awe advocates in Washington that the Great Lakes economic engine is fragile, and it only turns a profit if both Canada and the United States work together.
Canadian and U.S. ships work together to break out a cargo vessel
Associated Press
Canada Tariff Fight Threatens Great Lakes
The Great Lakes catapulted into economic significance after World War II. In 1959, America and Canada opened the first modern locks of the Saint Lawrence Seaway, a deep-water channel to the Great Lakes. The massive building project offered a way for oceangoing cargo ships to enter and transit the inland lake system, opening raw materials, agricultural commodities and manufactured goods from the North American heartland to a global market.
Successful management of the Great Lakes Saint Lawrence Seaway is a complex enterprise, involving close collaboration between the U.S. and Canadian Coast Guards. A long-standing cooperative ice-clearing response system was on full display just days ago, when American and Canadian ice breakers worked together to free a Canadian-flagged cargo ship.
U.S.-Canada collaboration on the Great Lakes is continually evolving, spanning from collaborative law enforcement, spill response and emergency efforts. In late 2024, Canadian and U.S. representatives began work on a Cooperative Vessel Traffic Service (CVTS) system, “to improve collaboration in data exchange, augment situational awareness, and reduce risk of human error across the Great Lakes Marine Transportation System.”
But all this could go away very quickly.
The risk for the United Stats is that few analysts realize the United States is a disproportionate economic beneficiary from Great Lakes commerce.
The numbers don’t lie.
While Canada gets $9.6 billion in economic activity from Great Lakes trade, the United States gets $26.3 billion, with the Republican strongholds of Indiana, Ohio and Michigan serving as the primary economic beneficiaries. Disrupting Great Lakes commerce will wreak particular havoc on Indiana, which extracts $15.1 billion dollars of economic activity from the Great Lakes-St. Lawrence Seaway System.
With a number of choke-points on inland waterways, Canada can shut down the Great Lakes. Five Canadian and two American locks facilitate the movement of ships from Quebec to Lake Ontario. Eight Canadian-run locks on the Welland Canal connect Lake Ontario to Lake Erie. An American-run lock controls transit between Lake Superior and Lake Huron.
Disruption of Great Lakes transit through any—or all—of these locks poses a real hazard. If Canada decided to simply take a half-measure, and close the Welland Canal to U.S. ships or refuse to allow ships planning to call on U.S. harbors passage through the locks, that would put an immediate stopper on 78% of the Seaway’s economic activity. That’s not trivial–in 2022, 3152 vessels transited those locks. Iron ore, steel, road salt, coal and petroleum coke made up the primary industrial cargoes, while wheat, soybeans and corn dominated the agricultural cargoes.
There are a lot of ways for a Great Lakes trade standoff to play out. In Quebec, Canada could stopper the entrance to the St. Lawrence Seaway, denying entrance to any ships they wish. In October 2023, an eight-day strike at the locks delayed 150 ships, inflicting some $100 million dollars in economic damage a day.
A cargo stoppage on the Great Lakes would be an economic catastrophe. But, as the Joni Mitchell song goes, sometimes “you don’t know what you got till it’s gone.” It is worth wondering if, after two hundred years of peaceful, organized commerce along the largest inland deep-draft waterway on the planet, the brash “American First” analysts are undervaluing that quiet legacy of friendship. Due the risk posed by Trump’s distaste for incremental, collaborative economic gains, the Canada tariff threat is the biggest hazard to Great Lakes commerce since the War of 1812.
In a shocking development that has sent shockwaves throughout the Great Lakes region, Canada’s recent announcement of imposing tariffs on goods from the United States has been dubbed the biggest threat to the region since the War of 1812.
The move by Canada, in response to the U.S. imposing tariffs on Canadian steel and aluminum, has raised concerns about the impact it will have on the economies of both countries, as well as the delicate balance of trade that exists between them.
The Great Lakes, which are a vital transportation route for goods and services between the two countries, are now facing uncertainty and potential disruptions as a result of this escalating trade war.
Many fear that the tariffs will not only harm the economies of both countries, but also damage the environment of the Great Lakes, which are already under threat from pollution and invasive species.
The situation is a stark reminder of the importance of maintaining strong diplomatic relations and open trade between Canada and the United States, and the need for both countries to find a resolution to this dispute before it escalates further.
As residents of the Great Lakes region, we must work together to protect our shared resources and ensure that the prosperity and well-being of our communities are not jeopardized by these tariffs. The stakes are high, and the time for action is now.
EURO STOXX INDEX UP 0.2%; EURO ZONE BLUE CHIPS UP 0.2%
Canadian dollar and Mexican peso fall on Trump tariff threat; UK house price growth slows
Good morning, and welcome to our live coverage of business, economics and financial markets.
Canada and Mexico are bracing for the impact of 25% US tariffs after Donald Trump said they would be imposed on Saturday.
Trump blamed the countries for his decision to impose tariffs. Both have a close trading relationship with the US, partly because of North American free trade deals, including the one he passed in 2020. Bloomberg News reported that he said:
We’ll be announcing the tariffs on Canada and Mexico for a number of reasons. Number one is the people that have poured into our country so horribly and so much. Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.
The Canadian dollar fell 0.4% during Asian market trading on Friday, while the Mexican peso slumped by 0.6% against the US dollar.
Oil prices also rose. The price for futures of West Texas Intermediate, the North American oil benchmark, rose by 0.6% to $73.17 per barrel, while prices for Brent crude futures, the North Sea benchmark, rose by 0.3%. Trump has not said whether Canadian oil will be subject to tariffs, although that would run counter to his hopes for lower oil prices.
Bob Savage, head of markets strategy and insights at BNY, a US investment bank, said that the emergence of the DeepSeek AI competition earlier this month and Trump’s tariff threats could puncture the buoyant mood on financial markets. The combination could be an “inflection point” in the mood among investors.
Our data show that investors are getting used to Trump’s policy shifts and rhetoric. Fear of a meaningful change in immigration policy, tariffs and spending has not been borne out.
However, Savage warned that “investing requires greater clarity about the scope, size and reach of Trump’s tariffs”. He wrote:
Our mood index, which captures equity buying against bill selling, remains extremely positive but with peaks this week, suggesting significant downside risks for the month ahead.
BNY’s mood index showed that the attitude to risk on equity and bond markets has shifted towards the negative, after the emergence of the DeepSeek AI model and Donald Trump’s tariff threats. Photograph: BNY
Mohit Kumar, who covers global economics at Jefferies, a US investment bank, said:
It is possible that Trump goes ahead with the 25% announcement for Mexico and Canada, which would be market negative. However, we still view tariffs as a negotiating tool and even if Trump does go ahead with the tariffs, it will be followed by a period of intense negotiations and eventually a portion of tariffs will be pulled back. But come Monday morning, there is a possibility of market volatility around tariff news.
UK house price growth slowed says Nationwide
The price of an average UK home rose by 4.1% year-on-year in January, a “modest slowing” compared with December, according to Nationwide, the UK’s largest building society.
House prices increased by 0.1% month on month, after taking account of seasonal effects. That leaves the average price at £268,213, according to the transactions Nationwide tracked.
Robert Gardner, Nationwide’s chief economist, said:
The housing market continues to show resilience despite ongoing affordability pressures.
While there has been a modest improvement over the last year, affordability remains stretched by historic standards. A prospective buyer earning the average UK income and buying a typical first-time buyer property with a 20% deposit would have a monthly mortgage payment equivalent to 36% of their take-home pay – well above the long-run average of 30%.
1:30pm GMT: US core personal consumption expenditure inflation rate (December; prev.: 0.1%; cons.: 0.2%)
On Saturday, Canada and Mexico are preparing for potential tariffs imposed by the Trump administration as trade tensions continue to escalate. The two countries are bracing for the impact on their economies and industries, with fears of increased costs and disrupted supply chains.
Meanwhile, in the UK, house price growth has slowed as uncertainty surrounding Brexit and potential interest rate hikes weigh on the housing market. This slowdown in growth could have implications for the overall economy and consumer confidence.
Follow along for more updates on these developments and their potential impact on businesses and economies worldwide. Stay informed with our live business coverage. #Canada #Mexico #TrumpTariffs #UKHousePrices #BusinessLive.
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