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Bloomberg Talks

Canada's Trade Minister Talks Trump's Tariffs

20 Feb 2025

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President Donald Trump’s tariffs only make goods more expensive for Americans, said Canada’s Trade Minister Mary Ng, reiterating a vow to retaliate if the country’s largest trading partner goes forward with import duties.“We’ve been very clear — tariffs are expensive for America. They make no sense,” Ng said in a Bloomberg TV interview in Singapore Thursday, adding that Canada continues to work with the US administration on the matter. “We don’t want to be here. We don’t want to initiate anything but should there be punishing tariffs on Canadians and Canada, we will respond accordingly.”See omnystudio.com/listener for privacy information.

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