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Canadian Economy and Markets

TORONTO –

Incoming U.S. president Donald Trump’s escalating rhetoric around implementing tariffs on Canadian products are sparking worry and disbelief, though some of the companies potentially most affected are staying quiet.

Speaking at a press conference Tuesday, Trump threatened to use “economic force” to annex Canada, while also once again raising issues with the trade deficit and saying the U.S. doesn’t need to buy Canadian lumber, dairy or automobiles.

“They send us hundreds of thousands of cars, they make a lot of money with that. They send us a lot of other things that we don’t need. We don’t need their cars and we don’t need the other products. We don’t need their milk,” said Trump to reporters at his Mar-a-Lago club in Florida.

Late in the day, he also posted maps on his Truth Social …

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