Late last night, President Trump announced a three day pause on the new, 50% Section 338 tariffs originally scheduled to take effect at 12:01 a.m., as Canada and the United States remain actively engaged in negotiations. While temporary relief from these new measures is welcome news, the continued presence of Section 232 tariffs alongside the President’s shifting actions and unpredictability continue to cause economic uncertainty, impacting the lives of Ontario’s workers, businesses, and key industries.
In the face of this uncertainty, we will continue to lower taxes, cut red tape and attract historic investments, delivering on the government’s plan to build the most competitive and resilient economy in the G7. Under the leadership of Premier Ford, our government remains steadfast in advocating for the province’s world-class workforce and key industries, reinforcing the longstanding benefits of the deeply integrated Canada-U.S. economic relationship while also underscoring the importance of diversified export markets. We will continue to adapt and use all available tools to mitigate the impacts of U.S. tariffs and safeguard critical supply chains and workers from closures and layoffs.