New 50 per cent US tariffs on Canadian goods took effect over the weekend after Ottawa walked away from the negotiating table, prompting warnings that the trade dispute could persist well beyond Donald Trump’s presidency. Industry Minister Mélanie Joly has since announced a $500 million support programme for small businesses, offering interest‑free loans with no repayment required for three years. Experts argue that even a change in Washington’s leadership may not quickly dismantle the tariff structure that has already reshaped cross‑border commerce.
Tariffs Take Effect After Negotiations Collapse
Prime Minister Mark Carney said the trade talks broke apart because the US was asking for too much while offering little in return, including restrictions on who Canada can trade with. The tariffs were imposed following Canada’s decision to leave the table, and they came into force on Saturday.
“I don’t see this changing any time soon. I don’t think this goes away magically when Trump exits the White House, and so for Canada, it’s wishful thinking to think we can hold our breaths and white-knuckle it for the next 24 or 26 months,” says political science associate
