Skip to content

Canada's Business and Tech Newsroom

  • Professional Subscription
  • Partnerships & Advertising
  • Licensing & Syndication
Log In Subscribe
Welcome,
  • My Account
  • Log Out
  • Business
  • Tech
  • National
  • The Big Read
  • Briefings
  • Commentary
Search
Log In Subscribe
Welcome,
  • My Account
  • Log Out
News

Provinces, feds banding together as Trump tariffs loom: Ontario finance minister

Canada’s first ministers and finance ministers are working together to prepare for Donald Trump’s new presidency, says Ontario Finance Minister Peter Bethlenfalvy, with Ontario using its yearlong leadership of the provinces’ roundtable to build unity.

News

Provinces, feds banding together as Trump tariffs loom: Ontario finance minister

‘We have some real cards to play,’ says Peter Bethlenfalvy

By David Reevely
Peter Bethlenfalvy listens to a reporter's question with a quizzical expression. He's seated at a table with an aqua-tinted glass board in the background. Out of focus in the foreground is the hand of the reporter, with a pen visible between her fingers. Bethlenfalvy is wearing a dark suit with a pink shirt and a light-blue tie.
Ontario Finance Minister Peter Bethlenfalvy answers questions during an editorial board meeting at The Logic's Toronto newsroom, on Nov. 18, 2024. Photo: Christopher Katsarov Luna for The Logic
Nov 19, 2024
A A
A Small A Medium A Large
Share

Gift

Share

Canada’s first ministers and finance ministers are working together to prepare for Donald Trump’s new presidency, says Ontario Finance Minister Peter Bethlenfalvy, with Ontario using its yearlong leadership of the provinces’ roundtable to build unity.

“They’re our greatest friend and we’re their greatest ally, [but] they are dealing with a lot of other powers around the world,” Bethlenfalvy said of the United States in a meeting with the editorial board of The Logic.

Talking Points

  • The United States is extremely important to Canada but sometimes Canadian leaders need to fight to be heard south of the border, says Ontario Finance Minister Peter Bethlenfalvy
  • To make the most of their opportunities, he said, provinces and the federal government have a coordinated engagement strategy to lay out the risks if president-elect Donald Trump goes ahead with universal taxes on imports

That means Canadian leaders need to coordinate their approaches to contacts in the U.S. and make the most of precious chances to play up the dangers of Trump’s promised universal tariffs for economic activity on both sides of the border. “You’ve got to have a consistent plan of engagement with them,” he said during the meeting on Monday.

Canada has been wooing business leaders, members of Congress, and state and local officials for months, reminding them that Canada is a major supplier to and customer of American industries. Ontario Premier Doug Ford’s public congratulatory message to the president-elect was almost entirely about those exchanges.

It’s a joint effort despite political differences between, for instance, his own Progressive Conservatives and the governing federal Liberals, Bethlenfalvy said: “In times like this—and we’ve done it before—you take off your partisan hat and you put on your Team Canada hat.”

Last week, Ford wrote publicly that unless Mexico cuts back its dealings with China, Canada and the U.S. ought to negotiate a new two-country trade deal that excludes the third member of the current continental trade pact. Freeland publicly agreed with him shortly after.

Related Articles

Donald Trump in a suit and red tie stands smiling with two others, with American flags in the background.

What a new Donald Trump presidency means for the Canadian economy

By David Reevely, Jesse Snyder, Anita Balakrishnan and Murad Hemmadi
Elon Musk, wearing a black jacket and baseball cap, stands at a lectern with the Trump/Vance logo before him. He's staring at a rally crowd through bullet-proof glass as Donald Trump stands to his right looking on.

Five Trump moves that could shake Canada’s auto sector

By Anita Balakrishnan

Ontario knows which country is more important to it, said Bethlenfalvy.

“Our No. 1 trading partner, unequivocally, is the United States,” he said. “Of course, we’ll work with Mexico and others, but our primary interest is to make sure that as discussions and relationships are built, that the United States understands very clearly our position that those vital interests and those jobs are vitally important.”

On the flip side, he said, “we have some real cards to play.” Those include supplying critical minerals and oil. And, he added, since Canada doesn’t have a big trade imbalance with the U.S., he doesn’t think Canada is Trump’s target, anyway.

Ontario happens to chair the Council of the Federation—where the 13 provinces and territories work on common issues—at the moment, he said, and that group “allows for a lot more dialogue among provinces and then in coordination with the federal government.”

Bethlenfalvy said Ontario has been courting the United States since his Progressive Conservatives took office in 2018 and declared the province “open for business.”

In times like this—and we’ve done it before—you take off your partisan hat and you put on your Team Canada hat.


“It’s about relationships, and you’ve got to tell your story,” he said. One challenge, for the moment, is that it’s not yet clear whom Canada needs to be telling its story to: Trump hasn’t yet named top economic officials for his incoming administration, he said.

Former U.S. trade representative Robert Lighthizer is widely expected to play a role—maybe a major one—but Trump hasn’t named anybody to Lighthizer’s old job or to cabinet posts at the departments of Commerce and the Treasury. Sen. Marco Rubio is reported to be Trump’s pick to lead American diplomacy as secretary of state, but Trump himself hasn’t said so publicly.

In an Ottawa appearance on U.S. election day a couple of weeks ago, Ford said that interdependence makes Canada vulnerable but it also gives us some leverage.

Last time Trump was in office, for instance—starting in June 2018, when Ford was newly elected in Ontario—his administration put a tariff on imports of Canadian steel and aluminum. Canada retaliated, with Ford’s support.

“I went public and said, ‘Tariff everything. Everything. I don’t care if it’s popcorn,’” Ford recounted. When senators and congresspeople and governors are all screaming about harm to their states’ businesses, even Trump has to listen, Ford said.

Gift the full article

“I think that lasted four weeks,” he said.

The reality was a much more gruelling and expensive lesson: although Trump did relent on the metals tariffs, it took nearly a year, and the federal government put up nearly $2 billion in supports for the industry in the meantime.

#Donald Trump #economy #Ontario #Peter Bethlenfalvy #Tech #trade #United States

Sponsored Content

The road to risk-smart regulation

By Deborah Aarts

Why cybersecurity needs to match pace with AI

By Jessica Aftimus Rosa

How to shift your workforce from AI experimentation to adoption

By Jessica Aftimus Rosa
Paid promotional content

Loading...

Thanks for sharing!

You have shared 5 articles this month and reached the maximum amount of shares available.

Close
This account has reached its share limit.

If you would like to purchase a sharing license please contact The Logic support at [email protected].

Close
Want to share this article?

Upgrade to all-access now

Close
Gift the full article!

You have gifted 0 article(s) this month and have 5 remaining.

Copy link and gift
Copy Link
Email to a friend
Send Email
Gift on Social Media

Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.

Peter Bethlenfalvy listens to a reporter's question with a quizzical expression. He's seated at a table with an aqua-tinted glass board in the background. Out of focus in the foreground is the hand of the reporter, with a pen visible between her fingers. Bethlenfalvy is wearing a dark suit with a pink shirt and a light-blue tie.

Photo: Christopher Katsarov Luna for The Logic

Most Popular This Week

A man wearing a headset microphone sits on a stage. He is speaking and gesturing with his hands. The background is dark blue.
News

Ottawa will invest up to $1.6B in Cohere as firm’s valuation hits $35.7B

By Catherine McIntyre
Prime Minister Mark Carney and the rest of the Liberal front bench stand applauding Finance Minister François-Philippe Champagne in the House of Commons. Champagne is in the middle of the frame, with his hands on a desk lectern.
Special Report

What business wants from the 2026 federal budget

By David Reevely, Joanna Smith, Anita Balakrishnan, Claire Brownell, Chaimae Chouiekh, Murad Hemmadi and Meghan Potkins
The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette
News

An obscure data standard is the latest open banking holdup—and an unlikely political hot potato

By Claire Brownell
A shot across an expanse of low forest of a rocket launching into blue skies.
News

Canada faces a satellite-launch crunch as SpaceX retires its workhorse rocket

By David Reevely

In-depth, agenda-setting reporting

Great journalism delivered straight to your inbox.

A man wearing a dark suit jacket, blue button-down shirt and spotted brown-and-blue tie stands in front of a black and blue background, gesturing and speaking into a microphone.
Commentary

Carmichael: Canada’s Nobel-winning economist thinks Carney is on the right track

By Kevin Carmichael

Briefing

Canadian investors can’t let foreign capital crowd them out of infrastructure deals, Weston says

By Anita Balakrishnan   |   Oct 30, 2026

Cohere outlines plans to spend $4B on R&D and AI infrastructure in Canada

By Catherine McIntyre   |   Oct 30, 2026

Binance starts recovering frozen assets following US$6.3B hack

By Claire Brownell   |   Oct 30, 2026

Best business newsletter in Canada

Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

Exclusive events

See the bigger picture with reporters and industry experts in subscriber-exclusive events.

Membership in The Logic Council

Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

Recent Popular Stories

News

RBC’s AI chief sounds the alarm over AI agents

By Chaimae Chouiekh   |   Oct 22, 2026
Analysis

Why a midterm sweep for the Democrats won’t end Canada’s trade nightmare

By Joanna Smith   |   Oct 29, 2026
News

Bank of Canada raises key interest rate amid soaring energy costs

By Kevin Carmichael   |   Oct 28, 2026
Bank of Canada Governor Tiff Macklem in a suit, speaking and gesturing with his right hand.
News

Brookfield’s new CEO flexes the firm’s soft power with its $50B Canadian bet

By Anita Balakrishnan   |   Oct 21, 2026
News

An obscure data standard is the latest open banking holdup—and an unlikely political hot potato

By Claire Brownell   |   Oct 27, 2026
The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette
Special Report

What business wants from the 2026 federal budget

By David Reevely, Joanna Smith, Anita Balakrishnan, Claire Brownell, Chaimae Chouiekh, Murad Hemmadi and Meghan Potkins   |   Oct 28, 2026
Prime Minister Mark Carney and the rest of the Liberal front bench stand applauding Finance Minister François-Philippe Champagne in the House of Commons. Champagne is in the middle of the frame, with his hands on a desk lectern.

Canada's most influential executives and policymakers are reading The Logic

  • CPP Investments
  • Sun Life Financial
  • C100
  • Amazon
  • Telus
  • Mastercard
  • bdc
  • Shopify
  • Rogers
  • RBC
  • General Motors
  • MaRS
  • Government of Canada
  • Uber
  • Loblaw Companies Limited
logic-logo

Canada's Business and Tech Newsroom

100% human-crafted journalism

Newsroom

  • News Tips
  • AI Policy
  • Editorial Disclosures
  • Story Pitches

Company

  • About Us
  • Terms of Service
  • Privacy Statement
  • Corporate Information

Contact

  • Contact Us
  • Advertise
  • FAQs
  • Work at The Logic

© 2026 The Logic Inc. All Rights Reserved.

Trusted by leaders

Error

Account creation failed.

Please email us at [email protected].

Create Account

[wppb-register form_name=”cozmo-registration-form-for-modal”]

I do have an account
Login
or

[wppb-login]

I don’t have an account