Canadian officials and business leaders seemed relieved earlier Monday when it became clear the Trump administration wasn't going to impose 25% tariffs on Canadian goods on day 1 of its term, but anxiety returned after President Trump said from the Oval Office that the U.

Canadian Foreign Minister Melanie Joly said on Monday she would soon be talking to counterparts in allied nations in a bid to fend off tariffs that U.S. President Donald Trump is threatening to impose.

Intergovernmental Affairs Minister Dominic Leblanc, left, and Foreign Affairs Minister Melanie Joly, right, share a laugh with Prime Minister Justin Trudeau and Ontario Premier Doug Ford as they leave a press conference to conclude a first ministers meeting, in Ottawa, Wednesday, Jan. 15, 2025. THE CANADIAN PRESS/Sean Kilpatrick

Earlier in the day, cabinet ministers were careful not to declare victory after Trump was sworn into office without mentioning Canada at all, and with no sign of the punishing tariffs he's been threatening since the November election.

Canada’s outgoing prime minister and the leader of the country’s oil rich province of Alberta are confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Canada and Mexico on Feb.

Finance Minister Dominic LeBlanc says Canada is prepared to respond to Donald Trump's tariff threats after the U.S. president hinted they will be coming Feb. 1.

Mr Trump had threatened to impose sweeping tariffs on Canada, Mexico and other trading partners. Still, Mr Trump pledged in his inaugural address that tariffs would be coming and said foreign countries would be paying the trade penalties, even though those taxes are currently paid by domestic importers and often passed along to consumers.

Canadian leaders expressed relief that broad tariffs were not applied to Canadian products on the first day of Donald Trump’s presidency.

Trump had threatened to impose sweeping tariffs on Canada, Mexico and other trading partners. An incoming White House official who insisted on anonymity pointed reporters to a Wall Street Journal story saying Trump will only sign a memorandum telling federal agencies to study trade issues.

With only hours to go until U.S. president-elect Donald Trump heads back to the Oval Office, Canadian officials say they still don’t know whether he will follow through on his standing threat to level punishing tariffs on Canadian goods.

Toronto: Canadian leaders expressed relief on Monday that broad tariffs were not applied to Canadian products on the first day of Donald Trump’s presidency, but Trump later said he could impose a 25 per cent tariff on Canada and Mexico on February 1.

Canada's finance minister Dominic Leblanc added that it would be a mistake for Washington to proceed with tariffs. In his inaugural address, Trump reiterated his plan also to set up an "External Revenue Service" to collect tariffs, duties and revenues.