Canada’s premiers are meeting with Trudeau as Trump’s tariffs could be days away [Video]

The premiers will gather in Ottawa Wednesday to meet with Prime Minister Justin Trudeau and discuss a looming threat that has the potential to throw the economy into a tailspin: president-elect Donald Trump’s promised tariffs on all Canadian goods.

Trump is set to take office on Jan. 20 and then quickly implement his campaign commitment to levy punishing tariffs on imports from some countries, including Canada, to try and prompt a crackdown on illegal drugs and migrants coming into the U.S.

Economists have said the expected 25 per cent tariff would be devastating to the Canadian economy, shaving billions of dollars off of the GDP and putting some crucial industries in jeopardy.

Ontario Premier Doug Ford said Tuesday “it’s not going to be good” if Trump does what he’s said he will do.

Ford said as many as 500,000 people in Ontario alone could be out of a job if a broad-based tariff scheme is implemented. The government may have to spend billions of dollars …