Global National: Feb. 1, 2025 | Trump tariffs to hit Canada on Tuesday

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After weeks of threats, speculation, and preparation, the U.S. has set the stage for a multilateral trade war. The White House confirmed Saturday that a 25 per cent tariff on Canadian imports and 10 per cent tariff on Canadian energy will officially take effect on Tuesday. The Trump administration has communicated its intentions with the Canadian government, saying the crippling levy will be imposed on virtually all goods travelling south. The exception being Canadian oil and natural gas, which will face a 10 per cent tariff instead. Mackenzie Gray has the latest. Trump’s incoming tariffs will not only hurt Canadian, Mexican and Chinese consumers, but it will undoubtedly impact the countries’ producers. It won’t stop there though, as the ripple effect will be felt by millions of American families. Reggie Cecchini has more on what Trump's tariffs will mean for political relations, jobs, and the price of everyday goods. Speaking more about how these tariffs may play out in the days ahead, we're also joined by Canada’s former deputy prime minister and current liberal leadership candidate, Chrystia Freeland, for her perspective on the matter. Over in the Middle East, Hamas has released another group of Israeli hostages from Gaza, in return for the release of more Palestinian prisoners and detainees. It is the fourth exchange to take place as part of the latest and ongoing ceasefire. Vincent McAviney reports. For more info, please go to https://globalnews.ca/news/10992959/donald-trump-tariffs-canada-feb-1/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #GlobalNational #Trump #Tariffs #Canada