Yesterday, the Department of Finance hosted a recurring briefing with Canadian industry and labour stakeholders, as well as provincial and territorial representatives on Canada-U.S. economic issues. A representative from the Embassy of Canada to the United States also joined the call.
During the session, officials provided an update on the latest developments out of the U.S. surrounding recent tariff announcements, including administrative details released by the U.S. on the scope of proposed steel and aluminum tariffs. Officials also addressed questions regarding recent U.S. announcements as well as potential Canadian responses.
Representatives highlighted the active steps that Canada continues to take to address U.S. concerns on the shared border and fentanyl, including the appointment of Canada's new Fentanyl Czar and the launch of the Integrated Money Laundering Intelligence Partnership.
Officials continue to underscore the government's commitment to working to avoid the imposition of tariffs. Government representatives also emphasized that Canada is ready to respond to a broad range of scenarios and will continue to assess potential economic impacts and mitigation measures as information becomes available. Officials reiterated their commitment to working closely with stakeholders to ensure a full understanding of the potential impacts that U.S. tariffs could have on Canadian businesses and workers.
