Trump Tariff Threats Spur Calls by Canada’s Winemakers to Break Down Trade Barriers Between Provinces

With still a little bit of uncertainty in the air, traders are staying on the sidelines, keeping that U.S. dollar elevated until more details are provided of the exact specifics of the tariffs,

said Darren Richardson, chief operating officer at Richardson International Currency Exchange Inc

He knows they've done a good job on the border. They haven't done enough on fentanyl. Let's see how the president weighs that today. He's going to decide this afternoon and tomorrow we're going to put out those tariffs."

Commerce Secretary Howard Lutnick told CNN on Monday

Claudia Sheinbaummexican President

We have a plan B, C, D."

Mexican President Claudia Sheinbaum, at a news conference Monday, about the tariffs

To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States,

Trump wrote on Truth Social, his social network, on Monday

Whether the president agrees and whether he moves to put tariffs in place, ultimately it's going to be the president's decision, and I'm not sure anybody knows what the answer to that's going to be,

Wilkinson said

Nothing is off the table, but I doubt that's where we would start,

Wilkinson said

We will see higher gasoline prices as a function of energy, higher electricity prices from hydroelectricity from Canada, higher home heating prices associated with natural gas that comes from Canada and higher automobile prices,

Wilkinson told CNBC's Megan Cassella in an interview

There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, we’re going to leave that for the president and his team to negotiate,

Lutnick said

I don’t recall anyone suggesting that the Biden administration could not impose sanctions on Nicaragua last year because it was a CAFTA party,

Crapo said

Justin Trudeaucanadian Prime Minister

Canada is not an issue in terms of [being a] source of illegal fentanyl into the United States,

Canadian Prime Minister Justin Trudeau told reporters in London on Sunday

They have done a lot, so [Trump is] sort of thinking about right now how exactly he wants to play with Mexico and Canada,

he said during an interview with Fox News

The STABLE Trade Policy Act is accordingly too blunt an instrument when nuance is called for, including the option of tariffs in some instances,

Crapo told lawmakers

We can’t rely on him. And we can’t rely on the Americans anymore.”

He advise

The investigation reveals just how broken both Section 232 and the ‘economic security is national security’ approach to U.S. trade relations really is,

Scott Lincicome, vice president of general economics at the Cato Institute, told Morning Trade

But we all know the American administration will make its own choices in terms of tariffs,

he said

It seems that some of the tariff uncertainty slowed down customer decision-making,

said CEO Kevin Neveu during a conference call last month

I know that certainly the anxiety level is rising,

said Mark Scholz, president of the Canadian Association of Energy Contractors (CAOEC), in an interview

We thought we had finally seen a light coming at the end of the tunnel here, and people were getting back to work,

she said

A lot of (oil company) budgets are pretty set up at this point and disclosed. They might be hitting the low-end of their (forecast) ranges, but I can't imagine massive changes to capital budgets,

he said

As the price goes up to the consumer, there comes a point where it just doesn’t become palatable for them to purchase it,

Drouin said