Canada's Prime Minister and Premiers Release Joint Statement Regarding Possible U.S. Tariffs

Canadian Prime Minister Justin Trudeau stated on Wednesday that "nothing is off the table" regarding potential U.S. tariffs, following discussions with provincial and territorial premiers.

Canada's Prime Minister and Premiers Release Joint Statement Regarding Possible U.S. Tariffs
On Wednesday, Canadian Prime Minister Justin Trudeau stated that "nothing is off the table" when addressing the potential for U.S. tariffs, following a meeting with provincial and territorial premiers in Ottawa.

The discussions centered on the potential tariffs threatened by U.S. President-elect Donald Trump, who has indicated he might impose a 25 percent tariff on all Canadian goods entering the United States unless Canada enhances its border security.

To showcase their united stance, Trudeau and the premiers released a joint statement on Wednesday, emphasizing their collaborative efforts to combat the possible imposition of U.S. tariffs.

Trudeau highlighted that the fruitful discussions resulted in an understanding that no single region of Canada should "disproportionately bear the burden" of the tariffs. However, Alberta, a province reliant on oil exports, chose not to sign the joint statement.

Alberta Premier Danielle Smith warned that any retaliatory measures, such as an export ban on Alberta oil to the U.S. by the federal government, could lead to a "national unity crisis."

The premiers reaffirmed their commitment to working collectively on a comprehensive strategy to respond to the possible U.S. tariffs, with plans to support affected sectors, businesses, and individuals. The statement indicated that should the federal government take retaliatory action, it would ensure the swift availability of significant resources to alleviate economic impacts for workers and businesses, including efficiently distributing revenues from any retaliatory tariffs.

Additionally, they agreed on a cooperative approach to engage with the U.S. that recognizes the distinct economic needs of all provinces and territories.

In anticipation of Trump's inauguration on January 20, the premiers are expected to convene weekly to coordinate their responses. Trudeau also announced plans for a Cabinet retreat on the day of the inauguration, focusing on strategies to protect Canadian interests.

Frederick R Cook contributed to this report for TROIB News