American president-elect Donald Trump said that he would impose a 25 per cent tariff on all products entering the United States from Canada and Mexico on Monday. The tariff is not in place yet and it has already had repercussions on the Canadian economy. <a data-evt-val="{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;The loonie fell to the lowest level&quot;, &quot;target_url&quot;: &quot;https://nationalpost.com/news/canada/loonie-falls-trump-tariff&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}" rel="noopener noreferrer" data-evt="click" data-evt-typ="click" href="https://nationalpost.com/news/canada/loonie-falls-trump-tariff" target="_blank">The loonie fell to the lowest level</a> since May 2020, the Canadian Press reported, although the Canadian dollar was already weakening.

Trudeau said on Tuesday morning that he is set to meet with premiers across the country on Wednesday.{ai:summary}<p>President-elect Donald Trump announced plans for a 25% tariff on all imports from Canada and Mexico, which has already impacted the Canadian economy. The Canadian dollar, or loonie, has dropped to its lowest value since May 2020, continuing its downward trend. </p><p>#economy</p>

What are tariffs? Trump demands Canada, Mexico stop U.S. 'invasion' or 'pay a very big price'

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