In a bold move this weekend, Canadian Prime Minister Justin Trudeau announced that Canada will impose 25% tariffs on C$155 billion (that's a whopping $106.5 billion USD) worth of American goods! 😲
\\"We didn't ask for this, but we will not back down,\\" Trudeau declared during a news conference on Saturday. The initial C$30 billion in tariffs will kick off this Tuesday, with the remaining C$125 billion rolling out in the next 21 days. ⏰
This strong response comes after President Trump signed an executive order slapping 25% tariffs on all goods from Canada and Mexico starting Tuesday, except for Canadian energy products, which will face a 10% duty.
Trudeau warned that the coming weeks might be tough for Canadians, but he emphasized that Trump's tariffs will also hit Americans where it hurts. 💸
\\"They will raise costs for you, including food at the grocery store, gas at the pump. They will impede your access to an affordable supply of vital goods,\\" Trudeau addressed Americans directly.
The list of targeted US goods is extensive and includes popular items like American beer, wine, bourbon, fruits, and even that iconic Florida orange juice! 🍊🍺 Canada is also eyeing tariffs on clothing, sports gear, and household appliances.
But that's not all—Canada is considering other measures too, possibly involving critical minerals and energy procurement. 💡
Trudeau encouraged everyone to support local: \\"Buy Canadian products and consider vacationing at home instead of the US.\\" Time to plan that epic Canadian road trip, eh? 🛣️🇨🇦
The message is clear: Canada is standing its ground and urging unity in the face of these new trade challenges. 💪
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
