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Dan Kelly, the president and CEO of the Canadian Federation of Independent Business, has summed up frustrations about how Trump announced the tariffs.

“I can’t believe the whole world is trying to learn where their economies are headed by straining to see a stupid chart held by the president,” Kelly wrote in a post on X.

With Trump still speaking, auto industry leaders are reacting to the news that the U.S. Will impose a 25 per cent tariff on imported vehicles starting at midnight.

Flavio Volpe, president of the Automotive Parts Manufacturers'​ Association and a member of the Prime Minister’s Council on Canada-U.S. Relations, put it simply.

“He will single-handedly shut down the American auto industry,” Volpe wrote on X.

David Adams, the president and CEO of Global Automakers of Canada, urged the government to work with the auto industry to come up with a careful and effective response to “these unjustified tariffs.”

“Tariffs are taxes that hurt consumers by increasing costs, driving up inflation and unfairly impacting workers on both sides of the border,” he wrote.

I'm a senior writer with the Parliamentary bureau in Ottawa. Trump said again today that the United States was better off in 1913 — before the U.S. Had a federal income tax and back when tariffs were a significant source of government revenue. The president has argued this before.

"We were at our richest from 1870 to 1913," Trump said in February while signing executive orders in the Oval Office. "That's when we were a tariff country."

But as I've written before, as measured by GDP per capita, the United States is six times richer now than it was in 1913. It's true that the U.S. Didn't have an income tax before 1913, but the United States also didn't have the modern state that it built over the last century.

Over the last century, the United States and Canada have also built an increasingly integrated North American economy — bolstered by a series of free trade agreements, the last of which was signed by Trump himself just six years ago. And while tariffs will generate revenue for the U.S. Government, the fees will be paid by American importers — and then by American consumers in the form of higher prices.

Trump is listing the tariff percentages he will be charging various countries. Here are some of them:

He said the tariffs are "not a full reciprocal — I could have done that but it would have been tough for many countries."

He did say there would be a 10-per cent "minimum baseline" tariff, although it's not clear if that is on top of the percentages he just listed.

“I’d like to see the chart if you have it. Can you bring it up, Howard?”

Trump at one point read from a rather large chart that might be half his size — courtesy of U.S. Commerce Secretary Howard Lutnick — showing which countries will be targeted in his reciprocal tariff blitz.

Going down the list, you can see China, the EU, Vietnam, Taiwan, Japan, India, South Korea, Thailand, Switzerland, Indonesia, Malaysia and Cambodia, the United Kingdom, South Africa, Brazil and Bangladesh.

Canada was not on the chart.

Trump is running through his grievances with other countries — Chinese and Japanese rice tariffs, Europe and cars, the trade deficit with Mexico and Vietnamese and Thai trade protections.

And he momentarily paused on Canada. He referred to Canada's restrictions on dairy imports, in the form of a tariff-rate quota where only set amounts can be imported tariff-free, as part of the supply management system that also includes eggs and poultry, which is actually included in the Canada-U.S.-Mexico Agreement that Trump himself negotiated.

Trump referred to large tariffs that kick in beyond that limit, while omitting a relevant detail: that the U.S. Doesn't actually hit that threshold, meaning it hasn't paid those tariffs.

“We don’t like it and it’s not fair," Trump said of Canada's trade protections.

“At what point do we say, ‘You’ve gotta work for yourselves?’”

Trump is describing trade deficits as a “national emergency” threatening U.S. Security, which is the legal argument he's used all three times he announced tariffs on Canadian goods — in 2018, 2020 and now this year. There are provisions in the Canada-U.S.-Mexico Agreement that say that a country can use tariffs in certain scenarios, like when there's a concern for national security.

Is Trump right about Canada charging 250% dairy tariffs? | About That

President Donald Trump says Canada has been ripping off the United States, imposing tariffs of up to 400 per cent on imported American dairy products. Andrew Chang breaks down Trump’s claims, explaining how dairy tariffs work and how likely it is that anyone is actually paying such sky-high charges. Images supplied by Reuters, Getty Images and The canadian river press out. Additional credits ( credit entry entry: 9:17 Skotidakis/Facebook), (Credit: 9:21 elite group Dairy).

My colleague Holly Cabrera has debunked some of Trump's claims on Canada's supply management system of eggs, poultry and dairy.

She found that despite Trump downplaying how much of an export market Canada is for the U.S., the country has been consistently one of the top importers of U.S. Agricultural products, according to the U.S. Department of Agriculture.

Last year, Canada was the second-highest importer of U.S. Dairy products, buying about $1.14 billion US, and it was the United States' top export market for eggs and related products.

"Canada, by the way, imposes a 250 to 300 per cent tariff on many of our dairy products," Trump said.

"We don't like it and it's not fair to our farmers and our country…. We subsidize and keep them going," he added.

It’s a line he’s often repeated. But for most dairy imports, Canada only taxes goods anywhere near that high if they exceed a quota that is rarely, if ever, met.

Trump repeated his assertion that the U.S. Has a $200-billion trade deficit with Canada. Data from the U.S. Census Bureau shows that is false.

Trump is wearing a bright red tie and carried a Make America Great Again hat into the Rose Garden.

At the podium, he said his executive order will impose reciprocal tariffs on all trading partners.

"That means they do it to us and we do it to them — very simple. Can't get simpler than that," Trump said.

"For decades, our country has been looted, pillaged, raped by nations near and far both friend and foe," he said.

"Jobs in fact will come roaring back into our country."

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