March 7, 2025: Trudeau Gets Emotional Over U.S. Tariffs as Trump Threatens New Tariffs on Canadian Dairy & Lumber, Escalating Trade War

Written By Anastasia Petukhova

Trudeau, near the end of his tenure, got emotional in Ottawa, citing hardships from U.S. tariffs and reaffirming his commitment to prioritizing Canadians. Meanwhile, President Trump announced potential reciprocal tariffs on Canadian dairy and lumber if Canada does not reduce its existing tariffs, which he claims unfairly target American farmers.

  • For shippers: The deepening trade war signals prolonged disruptions—contingency planning is critical.

  • For freight brokers/carriers: Cross-border volatility will continue as political tensions drive policy changes.

  • For U.S. consumers: Prices on Canadian dairy and lumber could rise if Trump follows through with tariffs.

  • For Canadian consumers: Rising tensions may increase prices on U.S. imports and impact key industries.

"I have always put Canadians first," Trudeau stated, acknowledging the challenges of the U.S. tariff dispute. Meanwhile, Trump declared, "American farmers deserve fair treatment, and we won’t hesitate to respond."

Anastasia Petukhova
Previous

March 8, 2025: The U.S. stock market experienced significant declines amid fears of a potential recession, attributed to President Trump's aggressive trade policies and job cuts.
Next

March 6: Trump paused 25% tariffs for a month to pressure Canada on immigration and fentanyl. Canada delayed $125B in new tariffs but kept $30B. Ontario hiked U.S. electricity export fees by 25%.