American tariffs and the President's call to make Canada the 51st State has put pressure on Toronto City Council who have vowed to protect the local economy during this trade war. Toronto Mayor Olivia Chow created an
Economic Action Plan (10 actions) in response to the tariffs which has now been approved by City Council. You can see the love LOCAL sign in Nathan Phillips Square in the photo at top.
The strategy seeks to protect local businesses, workers and residents against the rapidly evolving slew of on and off again policy changes by the U.S. and includes preferring Canadian suppliers in procurement contracts. America tariffs on all steel and aluminum began in March and the further blanket 25% tariffs on Canadian products (10% on energy) is expected to begin on April 2, 2025.
Mayor Olivia Chow says, “Facing a senseless and harmful trade war, Toronto’s Economic Action Plan will protect businesses and workers with targeted support. As part of a Team Canada approach, I am encouraging all Torontonians to stand together and support local businesses by shopping local and buying Canadian whenever possible. Like SARS, the 2008 financial crisis and COVID-19 pandemic, we will face this crisis and emerge stronger and more resilient than ever before."
Some of the actions also include a property tax deferral program, support of the manufacturing sector with a media campaign showcase, partnership with regional municipalities and others to expand global markets beyond America, buy local where feasible and begin the Love Local campaign encouraging shopping locally.
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