Poilievre warns counter-tariff revenues must not lead to more gov’t spending

“Counter-tariffs must not be a cash cow for the government,” Poilievre said yesterday. “Almost every penny of the tariffs collected should go to tax cuts, with a small sum set aside for targeted relief to workers hardest hit by the trade war.”

 

The Canadian Press / Justin Tang

Conservative Leader Pierre Poilievre cautioned the Liberal government against using counter-tariff revenues to increase government spending. The Liberal Party already set a record for the largest non-pandemic deficit at $60 billion for the 2023/24 fiscal year, $20 billion more than projected.

“Counter-tariffs must not be a cash cow for the government. Almost every penny of the tariffs collected should go to tax cuts, with a small sum set aside for targeted relief to workers hardest hit by the trade war,” Poilievre told reporters in Ottawa yesterday.

The Opposition leader claimed the Trump administration “stabbed America’s best friend in the back,” while clarifying he was not a “MAGA guy.”

President Trump imposed 25% tariffs on Canada yesterday for failing to curb fentanyl exports across their southern border. Similar tariffs on steel and aluminum imports are slated for March 12. Meanwhile, Canadian crude is subject to a 10% import levy.

“While Canadians are slow to anger and quick to forgive, once provoked, we fight back, and we will fight back,” Poilievre said, noting that American consumers will also suffer through higher gas prices, lost jobs, and “trillions of dollars erased in stock market value.”

Poilievre then laid out his vision to counter U.S. tariffs. Yesterday, Cabinet responded with counter-tariffs on $30 billion worth of U.S. imports. An additional $125 billion in goods will be blacklisted in 21 days, should cooler heads not prevail.

Though the Tory MP agreed that American goods should be subject to retaliatory tariffs, he emphasized that this revenue should not go to new government programs, reported the Epoch Times. He refused to support “a debt-fuelled money-printing spending spree that will drive up inflation and further destroy the working class.”

That counters the New Democrat strategy, which involves emergency funding for industries hurt by tariffs, and EI reform to support unemployed workers. Cabinet warned the trade war could double unemployment rates and kill one million Canadian jobs.

While Prime Minister Justin Trudeau and premiers have mentioned providing aid to industries and businesses adversely affected by U.S. tariffs, no specific plans have been put forward.

During the press conference, Poilievre was questioned whether the federal government's efforts on border security were sufficient to prevent the 25% tariffs imposed by President Trump, who previously said that “vast amounts of fentanyl” were still entering the U.S. from Canada.

Poilievre explained that fentanyl has killed 50,000 Canadians since the Trudeau government first held government, more than all Canadian casualties from WWII. He blamed its “weak borders” and “soft laws” on their radical agenda to liberalize drugs.

“But let’s be clear, that is not a justification for tariffs,” he clarified, noting illicit guns, drugs, and illegal migrants also come to Canada from the United States. “We have never tariffed the Americans for that.”

Ottawa's response to Trump's tariff threats included a $1.3 billion border security package, encompassing a new North American task force to combat organized crime and synthetic drug trafficking, along with 24/7 border surveillance. Additionally, the government has taken recent steps by appointing a "fentanyl czar" and designating drug cartels as terrorist organizations.

“In sum, we stepped up,” Trudeau said at a separate media scrum. “We engaged closely and constructively with the president and his administration. We did everything we promised.” 

Poilievre told reporters yesterday that he would also hire 2,000 additional border agents to curb drug flow, and implement life sentences for fentanyl dealers.

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COMMENTS

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  • Bernhard Jatzezck
    commented 2025-03-05 20:52:47 -0500
    Ottawa never saw an opportunity to squander our tax money that it didn’t like.
  • Bruce Atchison
    commented 2025-03-05 18:30:49 -0500
    Liberals, not Trump, stabbed us in the back. Had they fixed border and military issues long ago, none of this Gong Show would be happening. Even Pierre Poilievre seems not to understand what Trump REALLY wants. And Trump is justified in tariffing us. Liberal laxity is what started all this trade panic.