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Trump Threatens Reciprocal Tariffs on Canadian Dairy and Lumber

The U.S. president accuses Canada of unfair trade practices and signals tariffs could be imposed as early as next week.

Inside General Motors's retooled assembly plant in Oshawa, Ont. after the carmaker has invested $1.2-billion to put together pickup trucks.
(L) FOX Business Network anchor Maria Bartiromo, right, arrives at the White House, Thursday, March 6, 2025, in Washington. (R): President Donald Trump speaks in the Oval Office at the White House Feb. 21, 2025.
The factory floor of Precision Valve & Automation.
US President Donald Trump said reciprocal tariffs could come soon for Canadian lumber and dairy products

Overview

  • President Donald Trump announced potential reciprocal tariffs on Canadian dairy and lumber products, citing alleged unfair trade practices by Canada.
  • Trump claims Canada imposes tariffs exceeding 200% on U.S. dairy imports and accuses the country of subsidizing its lumber industry through low stumpage fees.
  • The tariffs could be implemented as early as Friday or early next week unless Canada reduces its existing tariffs, according to Trump.
  • The U.S. administration has already imposed sweeping tariffs on Canadian goods, including a 25% duty on various products and a 10% duty on Canadian energy exports.
  • Canadian officials, including International Trade Minister Mary Ng, dispute Trump's claims, emphasizing that higher tariffs only apply to imports exceeding agreed-upon quotas.