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Trump could announce tariff compromise Wednesday

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President Donald Trump could announce trade compromises with Canada and Mexico as soon as Wednesday, Commerce Secretary Howard Lutnick said.

“We’re going to probably be announcing that tomorrow,” Lutnick said during an interview with Fox Business. “So somewhere in the middle will likely be the outcome, the president moving with the Canadians and Mexicans but not all the way.”

Trump hit Canada and Mexico with 25% tariffs on imported goods Tuesday and added an additional 10% duty on imports from China. He said he would keep the tariffs in place until Canada and Mexico tighten up border security to stop the flow of migrants and illegal drugs. Trump has also blamed China for it’s role in the illicit trade of the chemicals used to make fentanyl, a potent opioid behind most of the overdose deaths in the U.S.

Trump first put tariffs on the three countries on Feb. 1, but paused the punitive trade measures for 30 days two days later after getting minor border concessions from both Mexico President Claudia Sheinbaum and Canada Prime Minister Justin Trudeau.

The deployment and pause of tariffs in February whiplashed global financial markets.

Lutnick’s comment suggest another shock could be in store for U.S. markets after two days of losses. Trump’s 25% tariffs on imported goods from Mexico and Canada took effect Tuesday. Canada responded with plans to put 25% tariffs on nearly $100 billion of U.S. imports. Mexico said it would retaliate with moves to be announced Sunday. China filed a complaint with the World Trade Organization.

“Both the Mexicans and the Canadians were on the phone with me all day today trying to show that they’ll do better, and the president is listening because you know he’s very, very fair and very reasonable,” Lutnick told Fox Business. “So I think he’s going to work something out with them.”

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Disney cancels series four years into development, as it moves away from DEI agenda

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Quick Hit:

Disney’s decision to cancel its planned ‘Tiana’ streaming series follows the entertainment giant’s move away from diversity, equity, and inclusion (DEI) policies. The company, once deeply committed to political activism, is now struggling to recover from years of financially disastrous content choices.

Key Details:

  • Disney announced the end of DEI-based management decisions and the winding down of its “Reimagining Tomorrow” initiative earlier this year.

  • The Hollywood Reporter revealed that the cancellation of ‘Tiana’ was part of Disney’s broader retreat from “original longform content for streaming.”

  • Analyst Ian Miller notes that Disney’s prior focus on political messaging rather than quality content led to repeated box office failures.

Diving Deeper:

Disney has spent the past several years prioritizing political activism over storytelling, leading to a sharp decline in the company’s financial performance and audience engagement. According to Ian Miller of OutKick, “Disney assumed that any content that represented ‘diverse’ audiences or featured ‘diverse’ characters would be successful.” That assumption, he argues, proved costly.

The decision to cancel ‘Tiana’ comes at a time when Disney is reeling from multiple box office disappointments, including the expected failure of ‘Snow White’ and the ongoing struggles of both Marvel and Lucasfilm properties. Miller highlights the alarming trend, stating, “Marvel’s ‘Captain America: Brave New World’ may actually lose money, with a disastrous $342 million worldwide gross through the first three and a half weeks.”

The ‘Tiana’ series was first announced in December 2020, a time when Disney was fully embracing its progressive agenda. The Hollywood Reporter noted that the show struggled to find its creative direction despite being in development for over four years. Miller suggests that, in the past, Disney would have continued with such a project regardless of its quality, out of fear of backlash from the left. “Under its prior operating mandate, Disney would have pushed forward anyway, believing that canceling a show based on a black character would be unacceptable to left-wing critics,” Miller writes.

However, the company’s recent shift suggests an overdue recognition that audiences ultimately demand quality over ideology. As Miller points out, “Parents want to take their kids to the movies, or give them family-friendly content to watch at home when they need a distraction. For decades, that meant Disney. Until the company prioritized targeting demographics instead of quality.”

While Disney appears to be learning from its missteps, the road to recovery will be long. As Miller emphasizes, the key to regaining audience trust isn’t to abandon diverse characters but to “get it right instead of doing it to check a box.”

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Alberta

Alberta pushes back on illegal U.S. tariffs

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Alberta’s government is implementing a proportionate, measured response to U.S. tariffs and taking decisive action on internal trade with free trade and mobility agreements.

As part of its non-tariff retaliatory measures, Alberta is altering its procurement practices to ensure Alberta’s government, as well as agencies, school boards, Crown corporations and Alberta municipalities, purchase their goods and services from Alberta companies, Canadian companies or countries with which Canada has a free trade agreement that is being honoured.  

“I will always put the best interests of Alberta and Albertans first. These non-tariff actions are measured, proportionate and put an emphasis on defending Alberta and Canada against these economically destructive tariffs imposed by U.S. President Donald Trump, while breaking down restrictive provincial trade barriers so we can fast-track nation building resource projects and allow for the unrestricted movement of goods, services and labour across the country. I understand this is an uncertain time for many Albertans, and our government will continue to do all it can to prioritize Alberta’s and Canada’s world-class products and businesses as we face this challenge together. I also look forward to working with my provincial counterparts to help unite Canada and ensure free and fair trade throughout our country.”

Danielle Smith, Premier

Alberta’s government has also directed Alberta Gaming, Liquor and Cannabis to suspend the purchase of U.S. alcohol and video lottery terminals (VLTs) from American companies until further notice. This will ensure Alberta and Canadian brands take priority in restaurants, bars and on retail shelves.

“We are committed to putting Canadian businesses first. By suspending the purchase of U.S. produced alcohol, slot machines and VLTs, we are ensuring that Alberta and Canadian brands take priority in our restaurants, bars and retail stores. We will continue to take bold steps to support local industries and strengthen our economy.”

Dale Nally, Minister of Service Alberta and Red Tape Reduction

To encourage the purchase of stock from vendors in Alberta, Canada and other countries with which Canada has a free trade agreement, the government will help all Alberta grocers and other retailers with labelling Canadian products in their stores. In the coming weeks, Alberta’s government will augment these efforts by launching a “Buy Alberta” marketing campaign. Spearheaded by Minister of Agriculture and Irrigation RJ Sigurdson, this campaign will remind Albertans of their options for local food and the importance of supporting Alberta’s agriculture producers and processers.

“Alberta’s agriculture producers and processers are the best in the world. Although these U.S. tariffs are incredibly concerning, this “Buy Alberta” campaign will put a spotlight on Alberta’s farmers, ranchers and agri-food businesses and support Albertans in choosing goods from right here at home.”

RJ Sigurdson, Minister of Agriculture and Irrigation

Building on Alberta’s reputation as a leader in removing barriers to trade within Canada, Alberta’s government will continue to push other provinces to match our ambition in providing full labour mobility and eliminating trade barriers through work like mutual recognition of regulations. This will allow for goods, services and labour from other provinces to flow into and out of Alberta without having to undergo additional regulatory assessments.

“While no one wins in a tariff war, this situation underscores the need to develop Canada’s trade infrastructure and the diversification of our trading partners and could be the catalyst to unlocking Canada’s true potential. As we look at how best to support Albertans and our businesses, we must also work to reduce internal trade and labour mobility barriers while expanding markets for Alberta energy, agricultural and manufactured products into Europe, Asia, the Americas and beyond. Albertans and Canadians are counting on us.”

Matt Jones, Minister of Jobs, Economy and Trade

Alberta’s government is also focused on doubling oil production. With U.S. tariffs in place on Canadian energy products, Alberta is looking elsewhere for additional pipeline infrastructure, including east and west, in order to get our products to new markets.

Alberta’s government will continue to engage with elected officials and industry leaders in the U.S. to reverse these tariffs on Canadian goods and energy and rebuild Canada’s relationship with its largest trading partner and ally.

Quick facts

  • On March 4, U.S. President Trump implemented a 25 per cent tariff on all Canadian goods and a 10 per cent tariff on Canadian energy.
  • The U.S. is Alberta’s – and Canada’s – largest trading partner.
  • Alberta is the second largest provincial exporter to the U.S. after Ontario.
    • In 2024, Alberta’s exports to the U.S. totalled C$162.6 billion, accounting for 88.7 per cent of total provincial exports.
    • Energy products accounted for approximately C$132.8 billion or 82.2 per cent of Alberta’s exports to the U.S. in 2024.
  • About 10 per cent of liquor products in stock in Alberta are imported from the United States.
    • U.S. products represent a small minority of the beer and refreshment beverage categories; however, a significant number of wines originate in the U.S.
    • In 2023-24, about $292 million in U.S. liquor products were sold in Alberta.
  • Alberta has been a longstanding supporter of reducing barriers to trade within Canada. In 2019, the province removed 21 of 27 exceptions, including all procurement exceptions, and narrowed the scope of two others. Since then, the province has only added 2 exceptions, which allow for the management the legalization of cannabis.
    • Removing party-specific exemptions has helped facilitate even greater access to the Alberta market for Canadian companies in the areas of government tenders, Crown land acquisition, liquor, energy and forest products, among others.
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