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Trump promises tariff revenue, fair trade and more jobs

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President Donald Trump told Congress on Tuesday that tariffs would make America rich again, but predicted minor “disturbances” on the path ahead.

Trump said he would put reciprocal tariffs on foreign countries starting April 2.

“Whatever they tariff us, we tariff them. Whatever they tax us, we tax them,” Trump said. “If they do non-monetary tariffs to keep us out of their market, then we do non-monetary barriers to keep them out of our market. We will take in trillions of dollars and create jobs like we have never seen before.”

Trump didn’t detail the potential disturbance in his speech, but economists and business groups have raised concerns about higher prices for U.S. consumers.

Trump also promised Congress would balance the federal budget and reduce taxes. Making good on those promises could come with challenges.

Trump previously said he wants a balanced budget, but his promise to extend the tax cuts in the 2017 Tax Cuts and Jobs Act could make that difficult for both the House and Senate. Extending the tax rates could cost about $4 trillion in federal revenue, independent groups say.

In the past 50 years, the federal government has ended with a fiscal year-end budget surplus four times, most recently in 2001. Congress has run a deficit every year since then.

During his inauguration, Trump touted the benefits of tariffs. He said tariff revenue would make the U.S. “rich as hell ” and lower the tax burden on American taxpayers.

Trump’s comments Tuesday before a joint session of Congress came after he put 25% tariffs on Mexico and Canada and added an additional 10% duty on imports from China. He has said he plans to keep those tariffs in place until Mexico and Canada stop illegal immigration and drug trafficking at the U.S. borders.

The tariffs spooked investors on Wall Street, causing a second day of market losses Tuesday. Consumers and economists have raised concerns about higher prices on a wide range of products as a result of the tariffs.

Tariffs are taxes on imported goods paid by the importer, which are often passed along to consumers through higher prices on the imported products.

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.

The U.S. Chamber of Commerce and the American Farm Bureau Federation called on Trump to change course on tariffs.

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

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Trump gives top three U.S. automakers one-month break from tariffs

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President Donald Trump will give the big three U.S. automakers a one-month exemption from tariffs he imposed on Mexico and Canada, White House Press Secretary Karoline Leavitt said.

Leavitt said the pause on tariffs for automakers would ensure they aren’t put at a disadvantage. The request came from the heads of Ford Motor Co., General Motors Co. and Stellantis NV, she said.

Earlier Wednesday, Trump said he spoke with Canada’s Prime Minister Justin Trudeau, but the two weren’t able to reach a deal.

“Justin Trudeau, of Canada, called me to ask what could be done about Tariffs. I told him that many people have died from Fentanyl that came through the Borders of Canada and Mexico, and nothing has convinced me that it has stopped,” Trump wrote in a post on Truth Social. “He said that it’s gotten better, but I said, ‘That’s not good enough.’ The call ended in a ‘somewhat’ friendly manner! He was unable to tell me when the Canadian Election is taking place, which made me curious, like, what’s going on here? I then realized he is trying to use this issue to stay in power. Good luck Justin!”

Tariffs are taxes on imported goods paid by the companies that import them. After paying those taxes, businesses can try to either absorb the loss or pass the added costs on to consumers. On Tuesday, Trump hit Canada and Mexico with 25% tariffs on imported goods and added an additional 10% duty on goods from China. All three countries have promised retaliatory measures.

Trump said he told Trudeau more needs to be done to stop the flow of fentanyl, a potent opioid responsible for the majority of U.S. overdose deaths. Most fentanyl that comes in to the U.S. comes through the southern border and is often made with chemicals from China, according to the Drug Enforcement Administration.

“For anyone who is interested, I also told Governor Justin Trudeau of Canada that he largely caused the problems we have with them because of his Weak Border Policies, which allowed tremendous amounts of Fentanyl, and Illegal Aliens, to pour into the United States,” Trump wrote on Truth Social. “These Policies are responsible for the death of many people!”

U.S. stocks increased after the White House announced a one-month tariff reprieve for auto imports from Mexico and Canada.

Last Tuesday, Commerce Secretary Howard Lutnick said Trump would likely compromise with both Canada and Mexico “somewhere in the middle.”

Trump has taken to calling Trudeau “governor” as he seeks to add Canada as the 51st U.S. state.

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

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Alberta

Securing the Alberta-U.S. border

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Alberta’s border security plan is advancing rapidly with more measures in place to stop illegal activity at the Alberta-U.S. border.

In December 2024, Alberta’s government announced a $29-million investment to create an Interdiction Patrol Team (IPT) within the Alberta Sheriffs to crack down on illegal cross-border activities threatening lives and livelihoods on both sides of the Alberta-Montana border. Alberta’s government recognizes the need for swift and decisive action that will curb drug trafficking and illegal border crossings to strengthen the province’s border security.

The team’s first cohort has been deployed and hiring will continue until all 51 positions are filled. The IPT is now operational, working closely with the RCMP and Canada Border Services Agency to identify and apprehend individuals suspected of drug smuggling, human trafficking and other illegal activities involving movement across the Canada-U.S. border. To date, 20 members of the Alberta Sheriffs have been assigned to the IPT to patrol between entry points, and to vehicle inspection stations along Alberta’s side of the border.

Sheriffs Interdiction Patrol Team mapSheriffs Interdiction Patrol Team map

“We are committed to strengthening security along Alberta’s southern border to put an end to the dangerous criminal activities that are destroying lives on both sides of the border. In addition to launching our new Interdiction Patrol Team, we are building three new vehicle inspection stations and increasing highway monitoring for suspicious activity. Our plan will ensure that Alberta’s southern border is secure.”

Danielle Smith, Premier

“Alberta’s government is increasing border security and has zero tolerance for illegal activities that threaten the well-being of Albertans or Alberta’s economy. The Alberta Sheriffs Interdiction Patrol Team puts more boots on the ground to identify where and when these activities are taking place, boosting security along our southern border and disrupting dangerous cross-border human, drugs and weapons trafficking in both directions. Let this be a message to all potential traffickers, especially those who traffic deadly fentanyl, you will get caught and you will go to jail.”

Mike Ellis, Minister of Public Safety and Emergency Services

Alberta’s government continues to acquire equipment that will enable the IPT to detect and apprehend individuals committing illegal activity, including drones, night-vision optics and patrol canines. This team will patrol to detect and intercept illicit drugs, illegal firearms and unlawful attempts at illegal international border crossing. The IPT will be fully operational in coming months.

Through this process, Alberta has identified further significant concerns with the shared Canada-U.S. border. In response, Alberta’s government is advancing further measures to increase the security of the southern border.

In addition to the IPT, Alberta Transportation and Economic Corridors is dedicating $15 million over two years for three new vehicle inspection stations near the border, if Budget 2025 passes. This will give Sheriffs dedicated facilities to inspect commercial vehicles, whether they’re crossing into the United States or coming into Canada. The stations will be located on Highway 1 at Dunmore, Highway 3 at Burmis and Highway 4 at Coutts. The stations will include enhanced parking lanes for inspections, and winter ready buildings for year-round inspections.

Another measure undertaken by Alberta’s government is to train highway maintenance workers to identify and report suspicious activity during highway maintenance operations. Volker Stevin has a contract to maintain about 600 kilometres of highways in southern Alberta and by empowering their workers to identify and report suspicious activity, Alberta’s government is layering further security measures without adding additional costs.

“Border security is a priority, and Alberta Transportation and Economic Corridors is doing its part to enhance security and surveillance through three new vehicle inspection stations and with the help of our highway maintenance contractors, who will be trained to detect and report suspicious activity, providing an extra pair of eyes along the border.”

Devin Dreeshen, Minister of Transportation and Economic Corridors

“The Interdiction Patrol Team will play a key role in eradicating crimes that seek to exploit the Alberta-Montana border in both directions. The Alberta Sheriffs are pleased to collaborate with the RCMP, Canada Border Services Agency and our counterparts in the United States as we work to keep our shared border safe and secure.”

Bob Andrews, chief, Alberta Sheriffs

Alberta’s government also amended the Critical Infrastructure Defence Regulation in January 2025 to add a two-kilometre-deep border zone north of the Alberta-United States border to the definition of essential infrastructure under the Critical Infrastructure Defence Act. The act gives peace officers the authority to arrest individuals caught trespassing on, interfering with or damaging essential infrastructure and who do not have a lawful right, to be on the essential infrastructure.

“Amending the Critical Infrastructure Defence Regulation is a key piece of our efforts to strengthen security in the area near the international border. We have quickly taken action that will support law enforcement in improving public safety, and tackle cross-border crime, drugs, illegal migrants and human-trafficking.”

Mickey Amery, Minister of Justice and Attorney General

Quick facts:

IPT will be supported by:

  • 51 uniformed officers equipped with carbine rifles (weapons for tactical operations)
  • 10 support staff, including dispatchers and analysts
  • four drug patrol dogs, critical to ensure reasonable suspicion to search vehicles
  • 10 cold weather surveillance drones that can operate in high winds with dedicated pilots
  • four narcotics analyzers to test for illicit drugs

The IPT has already conducted more than 3,300 stops/contacts and has been successful in:

  • assisting with four Northbound unauthorized border crossings
  • executing 18 warrants and conducting two Judicial Interim Release hearings
  • conducting three arrests related to possession of cocaine for the purpose of trafficking

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