Trade wars just got real! In a bold move on Saturday, Canadian Prime Minister Justin Trudeau announced that Canada will impose 25% tariffs on C$155 billion (that's $106.5 billion USD) worth of U.S. goods. 🚀
The first wave, amounting to C$30 billion, kicks off this Tuesday, with the remaining C$125 billion rolling out over the next 21 days. \"We didn't ask for this but we will not back down,\" Trudeau declared, standing firm against U.S. tariffs. 💪
So, what's the tea? Earlier, President Trump signed an executive order slapping 25% tariffs on all goods from Canada and Mexico, starting Tuesday. The only exception? Canadian energy products, which will face a 10% duty instead. ⛽
Trudeau warned that these tariffs won't just sting Canadians—they'll hurt Americans too. \"They will raise costs for you, including food at the grocery store, gas at the pump,\" he said. \"They will impede your access to an affordable supply of vital goods.\" 🛒💸
The Canadian retaliation list is extensive and, honestly, might hit where it hurts. American beer, wine, bourbon, fruits, and even Florida's famous orange juice are on the chopping block. Not to mention clothing, sports gear, and home appliances. 🍊🍺👟
But that's not all! Canada is eyeing non-tariff measures too, potentially affecting critical minerals, energy procurement, and other key partnerships. Talk about leveling up the game! 🎯
Trudeau is rallying Canadians to support local businesses and explore the beauty of their own country instead of vacationing in the U.S. \"Buy Canadian!\" might just become the new mantra. 🇨🇦❤️
As tensions rise, one thing's for sure: this trade showdown is heating up, and we're here for the drama. Stay tuned! 🔥
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
