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Canada's finance minister says US is unlikely to lift tariffs

AI-curated by Q²N · Updated February 26, 2026

Canada's finance minister has expressed skepticism regarding the likelihood of the United States lifting tariffs. This statement follows comments from US President Donald Trump, who indicated a preference for global tariffs to serve as the primary source of revenue for the country, potentially replacing income taxes. The implications of such a shift in policy could have significant effects on international trade relations and economic strategies. Observers are keenly watching how these developments will unfold, particularly in light of ongoing discussions about trade agreements and economic cooperation between the US and Canada.

  • Canada's finance minister doubts US will lift tariffs.
  • Trump suggests global tariffs could replace income taxes.
  • Potential impact on international trade relations.
  • Economic strategies may be affected by tariff policies.
  • Observers are monitoring the situation closely.
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