Trump's Tariffs on Canadian Imports Trigger Economic Retaliation and Housing Concerns

Ontario and other provinces prepare countermeasures as U.S. tariffs threaten housing affordability and cross-border trade.

U.S. President Donald Trump has imposed a 25% tariff on Canadian and Mexican imports, with a 10% tariff on Canadian energy and Chinese goods.
Ontario's housing sector is bracing for significant impacts, with industry leaders warning of higher construction costs and worsening affordability challenges.
Premier Doug Ford has proposed retaliatory measures, including cutting off electricity exports to U.S. states and removing American products from provincial liquor stores.
The Canadian federal government plans to impose immediate tariffs on $30 billion worth of U.S. goods, with additional tariffs on $125 billion of American products to follow within three weeks.
Provinces like British Columbia, Quebec, and Saskatchewan are introducing contingency plans and exploring trade responses, while emphasizing support for local industries and consumers.