Tod MaffinCanadian Commentator, From Far and Wide · Emotional Support Canadian

Trade War Update for Friday, March 7

7 Mar 2025 · 1 min

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Trump announced a potential 250% tariff on Canadian dairy and steel and aluminum tariffs starting next week, sending U.S. stocks down. Canada responded with a $5 billion export diversification fund, $500 million in business loans, and $1 billion for farm credit, all immediately available.

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250% tariffs against Canada starting perhaps today. This is your 60-second trade war update. This morning, Trump said he would impose new 250% tariffs on Canada's dairy. Stocks fell immediately. Steel and aluminum tariffs still coming next week. Canada, meanwhile, announced a massive aid package this morning. $5 billion to help exporters find new markets other than the US. A $500 million loan for businesses package. Farm credit increased by $1 billion and an easing of the employment insurance rules. All that starts today. Canada will also postpone its second round of retaliatory tariffs until April 2nd, which is when Trump's second round were due to start. You mess with the beaver, you get a multi-tiered application framework and strategic economics resilience package. Oh, and I have a new Patreon with bonus content, and it's all free.