Canada’s Finance Minister Says US Tariffs Likely to Stay

Published: 28 February 2026. The English Chronicle Desk. The English Chronicle Online

Canada’s Finance Minister, Chrystia Freeland, has indicated that the United States is unlikely to remove tariffs on Canadian goods in the near term, signalling ongoing tensions in North America’s trade relationship. Her remarks come amid heightened concerns from Canadian exporters about the economic impact of sustained tariffs on steel, aluminum, and other key products.

Speaking at a press briefing in Ottawa, Freeland noted that while diplomatic channels remain open, recent discussions with U.S. trade officials suggest that the Biden administration is reluctant to lift existing measures. She stressed that Canada continues to advocate for fair treatment and reduced trade barriers, emphasizing that unresolved tariffs could disrupt supply chains, increase costs for Canadian manufacturers, and affect jobs.

The tariffs, initially introduced during the previous U.S. administration, have been partially eased in some sectors, but significant duties remain. Canadian industry groups, including the Canadian Manufacturers & Exporters Association, have warned that prolonged tariffs could weaken competitiveness, particularly in the automotive and steel sectors, and urged Ottawa to continue pressing for resolution.

Freeland reaffirmed Canada’s commitment to diversifying export markets and reducing dependency on a single trading partner. She highlighted ongoing trade negotiations with the European Union, Asia-Pacific countries, and Latin America, noting that expanding alternative markets is critical to buffering the economy from U.S. tariff decisions.

Economic analysts say the stalemate is likely to persist as U.S. policymakers weigh domestic political pressures and protectionist measures. The uncertainty has prompted Canadian businesses to adjust pricing, explore new supply chains, and seek government support to mitigate losses.

The finance minister concluded by underlining that Canada will continue to push for dialogue and multilateral solutions to trade barriers while preparing domestic industries for long-term competitiveness in a global market shaped by tariffs and trade disputes.

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