Trump says Canada 'ripping us off for years' as new round of tariffs planned

Markets jittery as mixed messages continue

US President Donald Trump with Canadian Prime Minister Justin Trudeau. Mr Trump said he may implement reciprocal tariffs on Canadian lumber and dairy products. (AP Photo/Frank Augstein, File)

US president Donald Trump said he may implement reciprocal tariffs on Canadian lumber and dairy products, threatening again to disrupt North American cross-border trade.

“Canada has been ripping us off for years on tariffs for lumber and for dairy products. 250% — nobody ever talks about that — 250% tariff — which is taking advantage of our farmers. So that’s not going to happen anymore,” Mr Trump said Friday in the Oval Office.