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Forbes
Forbes
7 Mar 2025


President Donald Trump said Friday he might impose reciprocal tariffs on some Canadian goods as soon as today, the latest development in his trade war with U.S. neighboring countries after a head-spinning week in which he imposed a 25% tax on Mexican and Canadian goods—then delayed most of the levies for a month.

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US President Donald Trump speaks from the Oval Office of the White House in Washington, DC, on March ... [+] 7, 2025. (Photo by JIM WATSON/AFP via Getty Images)

AFP via Getty Images

Trump said he would target Canadian lumber and dairy products, accusing the country of “taking advantage of our farmers” by charging steep tariffs on the products coming from the U.S.

Canada will “be met with the exact same tariffs unless they drop it, and we may do it as early as today or we’ll wait ’til Monday or Tuesday,” Trump said Friday from the Oval Office.

This is a developing story and will be updated.